Cobweb Dynamics under Bounded Rationality
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References listed on IDEAS
- William A. Brock & Cars H. Hommes, 1997. "A Rational Route to Randomness," Econometrica, Econometric Society, vol. 65(5), pages 1059-1096, September.
- Bullard James, 1994. "Learning Equilibria," Journal of Economic Theory, Elsevier, pages 468-485.
- Hommes, Cars H., 1991. "Adaptive learning and roads to chaos : The case of the cobweb," Economics Letters, Elsevier, vol. 36(2), pages 127-132, June.
- B hm, Volker & Wenzelburger, Jan, 1999. "Expectations, Forecasting, And Perfect Foresight," Macroeconomic Dynamics, Cambridge University Press, vol. 3(02), pages 167-186, June.
- Chiarella, Carl, 1988. "The cobweb model: Its instability and the onset of chaos," Economic Modelling, Elsevier, vol. 5(4), pages 377-384, October.
- Arifovic, Jasmina, 1994. "Genetic algorithm learning and the cobweb model," Journal of Economic Dynamics and Control, Elsevier, vol. 18(1), pages 3-28, January.
- Bray, Margaret M & Savin, Nathan E, 1986. "Rational Expectations Equilibria, Learning, and Model Specification," Econometrica, Econometric Society, vol. 54(5), pages 1129-1160, September.
CitationsCitations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
- Laurence Lasselle & Serge Svizzero & Clem Tisdell, 2001. "Heterogeneous Beliefs and Instability," Discussion Paper Series, Department of Economics 200111, Department of Economics, University of St. Andrews.
- Lasselle, Laurence & Svizzero, Serge & Tisdell, Clem, 2005.
"Stability And Cycles In A Cobweb Model With Heterogeneous Expectations,"
Cambridge University Press, vol. 9(05), pages 630-650, November.
- Laurence LASSELLE & Serge SVIZZERO & Clem TISDELL, 2004. "Stability and Cycles in a Cobweb Model with Heterogeneous Expectations," Economics Working Papers ECO2004/03, European University Institute.
- Laurence Lasselle & Serge Svizzero & Clem Tisdell, 2007. "Stability and Cycles in a Cobweb Model with Heterogeneous Expectations," CDMA Working Paper Series 200706, Centre for Dynamic Macroeconomic Analysis.
- Sonnemans, Joep & Hommes, Cars & Tuinstra, Jan & van de Velden, Henk, 2004.
"The instability of a heterogeneous cobweb economy: a strategy experiment on expectation formation,"
Journal of Economic Behavior & Organization,
Elsevier, vol. 54(4), pages 453-481, August.
- Sonnemans, J. & Hommes, C.H. & Tuinstra, J. & van de Velden, H., 1999. "The Instability of a Heterogeneous Cobweb economy: a Strategy Experiment on Expectation Formation," CeNDEF Working Papers 99-06, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
- Kőhegyi, Gergely & Stépán, Gábor, 2003.
"A versenyzői gazdaság stabilitása késleltetett áralkalmazkodás mellett
[The stability of a competitive economy with delayed price adjustment]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(2), pages 112-135.
More about this item
KeywordsExpectations; adaptive learning; heterogeneity; nonlinear dynamics.;
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2001-12-04 (All new papers)
- NEP-EVO-2001-12-04 (Evolutionary Economics)
- NEP-MAC-2001-12-04 (Macroeconomics)
- NEP-MIC-2001-12-04 (Microeconomics)
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