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- W2069746851 abstract "Abstract In the context of a supply-demand model for wastepaper in the United States, it is demonstrated that the estimated low adjustment rate associated with the hypothesis of adaptive expectations on price changes translates into an almost instantaneous adjustment in terms of price levels . Further, it is shown that the rational expectations hypothesis is an acceptable framework to analyze this market, and that using this hypothesis, the price elasticity of supply is estimated to be 0.23, which is nearly twice the value obtained using adaptive expectations." @default.
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- W2069746851 date "1984-09-01" @default.
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- W2069746851 title "Testing the rational expectations hypothesis in a secondary materials market" @default.
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- W2069746851 doi "https://doi.org/10.1016/0095-0696(84)90022-6" @default.
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