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The problem of forecasting future prices in investigating agricultural production elasticity


, : The problem of forecasting future prices in investigating agricultural production elasticity. Roczniki Rolniczych, ser. G. (Warszawa), 77: 1, 41-60

The investigated problem was considered from the point of view of a cross-section of the dynamic production function. The author tries to prove that, in investigating the elasticity of agricultural production, not current prices have to be taken into consideration, but only anticipated ones. Dismissing current and future prices as bases for investigating the elasticity of sowings of fundamental crops, the author analyzes price anticipation by individual farmers.

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