Bounded Price Variation, Rational Expectations, and Endogenous Switching in the U.S. Corn Market
提出一种估计有界价格变动模型的方法，该方法充分利用理性预期隐含的所有信息，并将其应用于美国玉米市场，结果显示该模型表现不逊于传统均衡模型。
A method for estimating bounded price variation models with rational expectations which incorporates all information implied by rationality is applied to a model of the U.S. corn market. The results indicate that the estimated model performs at least as well as a traditional equilibrium model with naive expectations.