Expectativas de precios

Authors

  • Luis E. Di Marco

Abstract

This article is two fold in purpose. Firstly, it contains a brief discussion about the possibility of introducing in a model a temporally distributed price response, which brings about a modified regression analysis (the direct least squares do not provide unbiased and consistent estimators). This is just a slight review of the contributions made by GOODWIN, CAGAN, NERLOVE, and a few others. Secondly, the article offers a digression on the Nerlovian mechanism of price adjustment –its rationality- in those models in which prices are included as expected values. This analysis springs from the contributions made by MUTH, MILLS and NERLOVE himself.

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Published

1969-12-31

How to Cite

Di Marco, . L. E. (1969). Expectativas de precios. Económica, 15(3), p. 275–282. Retrieved from https://revistas.unlp.edu.ar/Economica/article/view/8965

Issue

Vol. 15 No. 3 (1969)

Section

Articles

License

The material published in the journal is distributed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) license. This license requires proper credit to be given, a link to the license to be provided, and changes to be indicated. It does not permit commercial use of the work, and if the work is remixed, transformed, or otherwise modified, distribution of such modification is not allowed.

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