Local convergence properties of a cobweb model with rationally heterogeneous expectations

Author:

Branch William A.

Publisher

Elsevier BV

Subject

Applied Mathematics,Control and Optimization,Economics and Econometrics

Reference18 articles.

1. Anderson, S.P., Goeree, J.K., Holt, C.A., 1997. Stochastic game theory: adjustment to equilibrium under bounded rationality. The Thomas Jefferson Center for Political Economy Discussion Paper, No. 304, University of Virginia.

2. Genetic algorithm learning and the cobweb model;Arifovic;Journal of Economic Dynamics and Control,1994

3. Arthur, W.B., Holland, J.H., LeBaron, B., Palmer, R., Tayler, P., 1996. Asset pricing under endogeneous expectations in an artificial stock market. Santa Fe Institute Working Paper No. 96-12-093.

4. The invariably stable cobweb model;Auster;Review of Economic Studies,1971

5. Intertemporal Macroeconomics.;Azariadis,1993

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