Stock-outs and supply response estimation under rational expectations
研究了经济基本面与缺货概率的关系,并分析了缺货概率如何导致供给反应计量估计的偏差。
The relationship between economic fundamentals and the likelihood of a stock-out is investigated using an annual storage model with rational expectations. The likelihood of a stock-out is then examined as a source of bias in econometric estimates of supply response. Copyright 1999 by Oxford University Press.