Research Article

Booms and Busts in Chinese Agricultural Markets: An Agent-Based Model

Table 1

SMM estimated parameters for garlic and ginger.

GarlicGinger

a8.5142 (0.0098)0.2395 (0.0075)a11.4282 (0.0913)0.3523 (0.0277)
b0.3619 (0.1611)γ0.4182 (0.1979)b0.0694 (0.0250)γ0.5497 (0.1541)
c3.0010 (0.7862)ε0.5231 (0.0005)c1.9924 (0.0150)ε3.3853 (0.0311)
d9.6978 (1.3307)σ1.0154 (0.2932)d9.6863 (5.0438)σ0.7885 (0.3746)
e1.3786 (0.0145)J0.3379e−1.2438 (0.0010)J0.2959

Note., , , standard errors in parentheses.