On information and market dynamics: The case of the U.S. beef market
By Jean-Paul Chavas. 2000
141 citations recorded by the source corpus.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/18d74ea06958db11291447c217ccc04bc84a368a
How researchers see this paper
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In Economics and Econometrics
- Cars H. Hommes
- Florian Wagener
- William A. Branch
- William A. Brock
- Sebastiano Manzan
- H. Peter Boswijk
- Frank H. Westerhoff
- Jean-Philippe Bouchaud
Citations in the corpus
- Complex Evolutionary Systems in Behavioral Finance (2008, background): “Baak (1999) and Chavas (2000) estimate HAMs on hog and beef market data, and found evidence for the heterogeneity of expectations.”
- Evolutionary dynamics in markets with many trader types (2005, background): “holds, the price of the risky asset is uniquely determined by 2( 0 / (20)”
- Heterogeneous Agent Models in Economics and Finance, In: Handbook of Computational Economics II: Agent-Based Computational Economics, edited by Leigh Tesfatsion and Ken Judd, Elsevier, Amsterdam 2006, pp.1109-1186 (2005, background): “Fundamentalists believe that the exchange rate returns towards its fundamental rate st at rate α, 0 ≤ α ≤ 1, that is, Eft[st+1]/st−1 = (st−1/st−1) , (44)”
- Behavioral Heterogeneity in Stock Prices (2007, background): “For the beef market Chavas (2000) finds that about 47% of the beef producers behave naively (using only the last price in their forecast), 18% of the beef producers behaves rationally, whereas 35% behaves quasi-rationally (i.e. use a univariate autoregressive time series model of prices in…”
- THE T HEORY O F R ATIONALLY H ETEROGENEOUS EXPECTATIONS: E VIDENCE F ROM S URVEY D ATA ON I NFLATION E XPECTATIONS* (2004, background): “6 Evidence of heterogeneous expectations in empirical models can also be found in Baak (1999) and Chavas (2000) .”
- Sticky information and model uncertainty in survey data on inflation expectations (2007, methodology): “First, we describe the VAR which is the basis for forecasting.(16) We follow Branch (2004) and Mankiw, Reis, and Wolfers (2003) in assuming that the VAR(1) consists of monthly inflation, unemployment, and 3-month t-bill rates.”