A coherent procedure for inferring conduct

Holloway, G. ORCID: https://orcid.org/0000-0002-2058-4504 (1997) A coherent procedure for inferring conduct. American Journal of Agricultural Economics, 79 (5). p. 1709. ISSN 0002-9092 doi: 10.1093/ajae/79.5.1702

Abstract/Summary

We exploit a theory of price linkages that lends itself readily to empirical examination using Markovchain, Monte Carlo methods. The methodology facilitates classification and discrimination among alternative regimes in economic time series. The theory and procedures are applied to annual series (1955-1992) on the U.S. beef sector