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PRICE EXPECTATIONS FORMATION AND REVISION IN THE NERLOVIAN FRAMEWORK WITH APPLICATION TO NIGERIAN FARMERS |
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| Authors: | Dayo O. A. Phillip George O. I. Abalu |
| Abstract: | This paper examines the possibility of endogenising the adaptive price expectations coefficient. The basic structural model, tested with data on area planted to Groundnuts in Nigeria from 1956 to 1987, is formulated and estimated as an extension of the variational parameter hypothesis. |
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