Equilibrium stability in a nonlinear cobweb model

DOI10.1016/J.ECONLET.2020.109130MaRDI QIDQ2208631zbMATH OpenOpenAlexFDO

Authors George W. Evans, Bruce McGough

Publication date 3 November 2020

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2020.109130

zbMATH Keywords

adaptive learningE-stabilitycobweb modelrestricted perceptions equilibrium

Mathematics Subject Classification ID

Special types of economic equilibria (91B52)

Cites work

• scientific article; zbMATH DE number 1281936 (Why is no real title available?)
• Behavioral learning equilibria
• Consistency of linear forecasts in a nonlinear stochastic economy
• Consistent expectations and misspecification in stochastic non-linear economies
• Equilibrium with signal extraction from endogenous variables
• Global Analysis of Dynamic Models in Economics and Finance
• Intrinsic heterogeneity in expectation formation
• On the preservation of deterministic cycles when some agents perceive them to be random fluctuations
• Stable near-rational sunspot equilibria

Cited in

(5)

• The RPEs of RBCs and other DSGEs
• A cobweb model with gradient adjustment mechanism: nonlinear dynamics and multistability
• EXPECTATIONS, STAGNATION, AND FISCAL POLICY: A NONLINEAR ANALYSIS
• Carl's nonlinear cobweb
• Stability analysis of a cobweb model with market interactions

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