Equilibrium stability in a nonlinear cobweb model

DOI10.1016/j.econlet.2020.109130zbMath1451.91108OpenAlexW3030809863MaRDI QIDQ2208631

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)

Related Items (2)

EXPECTATIONS, STAGNATION, AND FISCAL POLICY: A NONLINEAR ANALYSIS ⋮ The RPEs of RBCs and other DSGEs

Cites Work

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• On the preservation of deterministic cycles when some agents perceive them to be random fluctuations
• Equilibrium with signal extraction from endogenous variables
• Consistent expectations and misspecification in stochastic non-linear economies
• Stable near-rational sunspot equilibria
• Behavioral learning equilibria
• Intrinsic heterogeneity in expectation formation
• Global Analysis of Dynamic Models in Economics and Finance
• Consistency of Linear Forecasts in a Nonlinear Stochastic Economy

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