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L'origine statistique du diagramme du cobweb

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  • Emeric Lendjel

    (Centre Walras-Pareto - UNIL - Université de Lausanne = University of Lausanne, MATISSE - UMR 8595 - Modélisation Appliquée, Trajectoires Institutionnelles et Stratégies Socio-Économiques - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

Abstract

The "cobweb theorem" or "cobweb diagram" is one of the first mathematical formalization that deals with the stability of the market process (Ezekiel [1938]). Moore gave intuitively its first formulation (Stigler [1962]), but its mathematical formalization was independently done by Ricci [1930], Schultz [1930] and Tinbergen [1930]. First, the paper shows how the idea of the cobweb mechanism appears in Moore's work in order to solve astatistical problem, namely the statistical estimation of supply and demand curves."Inadvertently" (Samuelson [1947]) Moore sets out the cobweb idea which mathematical formalization was given by Ricci, Schultz and Tinbergen. Second, this paper is an attempt to trace the links between Moore's work and its followers. It shows that the meaning of the cobweb diagram was different in the authors' thought. It also stresses the role of the mathematics in the investigation process of economic phenomena.

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  • Emeric Lendjel, 1998. "L'origine statistique du diagramme du cobweb," Working Papers halshs-00268370, HAL.
    • Handle: RePEc:hal:wpaper:halshs-00268370
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00268370
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    References listed on IDEAS

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    1. Marc Nerlove, 1958. "Adaptive Expectations and Cobweb Phenomena," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 72(2), pages 227-240.
    2. Nicholas Kaldor, 1934. "A Classificatory Note on the Determinateness of Equilibrium," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 1(2), pages 122-136.
    3. E. J. Working, 1927. "What Do Statistical "Demand Curves" Show?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 41(2), pages 212-235.
    4. Henky Ludwell Moore, 1925. "A Moving Equilibrium of Demand and Supply," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 39(3), pages 357-371.
    5. Hendry,David F. & Morgan,Mary S., 1997. "The Foundations of Econometric Analysis," Cambridge Books, Cambridge University Press, number 9780521588706.
    6. Mordecai Ezekiel, 1938. "The Cobweb Theorem," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 52(2), pages 255-280.
    7. Henry Ludwell Moore, 1926. "A Theory of Economic Oscillations," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 41(1), pages 1-29.
    8. Holbrook Working, 1925. "The Statistical Determination of Demand Curves," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 39(4), pages 503-543.
    9. Philip Mirowski, 1990. "Problems in the Paternity of Econometrics: Henry Ludwell Moore," History of Political Economy, Duke University Press, vol. 22(4), pages 587-609, Winter.
    10. Christ, Carl F, 1985. "Early Progress in Estimating Quantitative Economic Relationships in America," American Economic Review, American Economic Association, vol. 75(6), pages 39-52, December.
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