Abstract

GALDEANO GOMEZ, Emilio. Analysis of the formation of price expectations: an application to the horticultural sector in the European Union. Inv. Econ [online]. 2001, vol.61, n.235, pp.131-160. ISSN 0185-1667.

Toe temporal gap existing between the planning of the supply and the demand of agrarian products has caused that the theories about the formation of price expectations have a traditionally great importance in agriculture. Toe aim of the present study is to determine empirically the existence of price valuations, taking as a reference the production-commercialization in the south-eastem horticultural sector of Spain. For this purpose, we have started from the combination of traditional formulations of expectations based on retarded variables, on the one hand, and models of rational expectations, on the other. In the different results, the connection between the degree of response of the supply regarding the fluctuations in prices and the valuations of these is deduced.

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