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How realistic is the supply/demand equilibrium story: A simple demonstration of false trading and its implications for market equilibrium

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  • Buchanan, Neil H.

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  • Buchanan, Neil H., 2008. "How realistic is the supply/demand equilibrium story: A simple demonstration of false trading and its implications for market equilibrium," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(1), pages 400-415, February.
    • Handle: RePEc:eee:soceco:v:37:y:2008:i:1:p:400-415
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    References listed on IDEAS

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    1. N. Gregory Mankiw, 1988. "Recent developments in macroeconomics: a very quick refresher course," Proceedings, Federal Reserve Bank of Cleveland, pages 436-458.
    2. Chirinko, Robert S. & Eisner, Robert, 1983. "Tax policy and investment in major U.S. macroeconomic econometric models," Journal of Public Economics, Elsevier, vol. 20(2), pages 139-166, March.
    3. Goeree, Jacob K. & Hommes, Cars & Weddepohl, Claus, 1998. "Stability and complex dynamics in a discrete tatonnement model," Journal of Economic Behavior & Organization, Elsevier, vol. 33(3-4), pages 395-410, January.
    4. Kalai, Ehud & Lehrer, Ehud, 1993. "Rational Learning Leads to Nash Equilibrium," Econometrica, Econometric Society, vol. 61(5), pages 1019-1045, September.
    5. J. S. Jordan, 1992. "Convergence to Rational Expectations in a Stationary Linear Game," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 59(1), pages 109-123.
    6. Schiffman, Daniel A., 2004. "Mainstream economics, heterodoxy and academic exclusion: a review essay," European Journal of Political Economy, Elsevier, vol. 20(4), pages 1079-1095, November.
    7. Robinson, Joan, 1978. "Contributions to Modern Economics," Elsevier Monographs, Elsevier, edition 1, number 9780125905503.
    8. F. H. Hahn, 1961. "A Stable Adjustment Process for a Competitive Economy," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 29(1), pages 62-65.
    9. Fisher, Franklin M, 1976. "A Non-Tatonnement Model with Production and Consumption," Econometrica, Econometric Society, vol. 44(5), pages 907-938, September.
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