EXPECTATIONS, UNCERTAINTY AND DISEQUILIBRIUM IN 
AGRICULTURAL PRODUCTS MARKETS OF IRAN,
(CASE STUDY OF POTATOES AND ONIONS)

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HADDAD C.K.

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ISSN: 2588-4824

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Journal: Iranian Journal of Trade Studies Year:2003 | Volume:7 | Issue:27 Page(s): 3-3

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Title

EXPECTATIONS, UNCERTAINTY AND DISEQUILIBRIUM IN AGRICULTURAL PRODUCTS MARKETS OF IRAN, (CASE STUDY OF POTATOES AND ONIONS)

Author(s)

HADDAD C.K. | Issue Writer Certificate

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Abstract

During past years Iranian farmers and consumers of potatoes and Onions have confronted with a wide ranges of fluctuations in prices and products. This paper presents an econometric model for the market in the context of disequilibrium theory. The model is composed of four equations; supply, demand, price adjustment, and short side condition of market. The supply equations consist of expected prices which are formed adaptively, input prices and uncertainty in the output prices. The market demand equations are specified in an ad-hoc way. In the models following the application of a price adjustment mechanism, the output prices have became as endogenous and stochastic variables. Results demonstrated that potatoes cultivators are risk avers but onion producers are risk lovers and on the demand side both of the products are considered as inferior goods in relation to per capita real income

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APA: Copy

HADDAD, C.K.. (2003). EXPECTATIONS, UNCERTAINTY AND DISEQUILIBRIUM IN AGRICULTURAL PRODUCTS MARKETS OF IRAN, (CASE STUDY OF POTATOES AND ONIONS) . IRANIAN JOURNAL OF TRADE STUDIES (IJTS), 7(27), 3-3. SID. https://sid.ir/paper/529955/en

Vancouver: Copy

HADDAD C.K.. EXPECTATIONS, UNCERTAINTY AND DISEQUILIBRIUM IN AGRICULTURAL PRODUCTS MARKETS OF IRAN, (CASE STUDY OF POTATOES AND ONIONS) . IRANIAN JOURNAL OF TRADE STUDIES (IJTS)[Internet]. 2003;7(27):3-3. Available from: https://sid.ir/paper/529955/en

IEEE: Copy

C.K. HADDAD, “EXPECTATIONS, UNCERTAINTY AND DISEQUILIBRIUM IN AGRICULTURAL PRODUCTS MARKETS OF IRAN, (CASE STUDY OF POTATOES AND ONIONS) ,” IRANIAN JOURNAL OF TRADE STUDIES (IJTS), vol. 7, no. 27, pp. 3–3, 2003, [Online]. Available: https://sid.ir/paper/529955/en

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