Coordination on Saddle Path Solutions: the Eductive Viewpoint. 1- Linear Univariate Models
AbstractWe investigate local strong rationality (LSR) in a one step forward looking univariate model with memory one. Eductive arguments are used to determine when common knowledge (CK) that the solution is near some perfect foresight path is sufficient to trigger complete coordination on that path (i.e. the path is LSR).
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Bibliographic InfoPaper provided by Laval - Laboratoire Econometrie in its series Papers with number 1999-15.
Length: 25 pages
Date of creation: 1999
Date of revision:
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Postal: Chaire d'economie et d'econometrie de l'assurance; DELTA; CREST; PARIS, France.
ECONOMIC MODELS ; ECONOMETRICS ; MATHEMATICAL ANALYSIS;
Other versions of this item:
- Evans, George W. & Guesnerie, Roger, 2003. "Coordination On Saddle-Path Solutions: The Eductive Viewpoint Linear Univariate Models," Macroeconomic Dynamics, Cambridge University Press, vol. 7(01), pages 42-62, February.
- Evans, G. E. & Guesnerie R., 1999. "Coordination on saddle path solutions : the eductive viewpoint. 1 - linear univariate models," DELTA Working Papers 1999-15, DELTA (Ecole normale supérieure).
- C00 - Mathematical and Quantitative Methods - - General - - - General
- C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
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- Haomiao Yu, 2014. "Rationalizability in large games," Economic Theory, Springer, vol. 55(2), pages 457-479, February.
- Dennis, Richard & Kirsanova, Tatiana, 2010.
"Expectations Traps and Coordination Failures: Selecting among Multiple Discretionary Equilibria,"
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- Richard Dennis & Tatiana Kirsanova, 2010. "Expectations Traps and Coordination Failures:Selecting Among Multiple Discretionary Equilibria," CAMA Working Papers 2010-02, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
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- Bai, Yuting & Kirsanova, Tatiana, 2013.
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- Richard Dennis & Tatiana Kirsanova, 2013. "Expectations Traps and Coordination Failures with Discretionary Policymaking," ANU Working Papers in Economics and Econometrics 2013-611, Australian National University, College of Business and Economics, School of Economics.
- Richard Dennis & Tatiana Kirsanova, 2013. "Expectations Traps and Coordination Failures with Discretionary Policymaking," Working Papers 2013_02, Business School - Economics, University of Glasgow.
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- Jara-Moroni, Pedro, 2012. "Rationalizability in games with a continuum of players," Games and Economic Behavior, Elsevier, vol. 75(2), pages 668-684.
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"Monetary Policy, Indeterminacy and Learning,"
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- Mordecai Kurz, 2011. "Symposium: on the role of market belief in economic dynamics, an introduction," Economic Theory, Springer, vol. 47(2), pages 189-204, June.
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