STABILITY AND CYCLES IN A COBWEB MODEL WITH HETEROGENEOUS EXPECTATIONS

DOI10.1017/S1365100505050017MaRDI QIDQ3375355zbMATHOpenAlexFDO

Authors Laurence Lasselle, Serge Svizzero, Clem Tisdell

Publication date 8 March 2006

Published in Macroeconomic Dynamics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1017/s1365100505050017

zbMATH Keywords

bounded rationalityflip bifurcationNeimark-Sacker bifurcationcobweb model

Mathematics Subject Classification ID

Economic growth models (91B62)

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Cites work

• A Rational Route to Randomness
• Adaptive learning and roads to chaos. The case of the cobweb
• Heterogeneous beliefs and the non-linear cobweb model
• Local convergence properties of a cobweb model with rationally heterogeneous expectations
• RESONANCE PHENOMENA IN AN ADAPTIVELY-CONTROLLED SYSTEM
• Two destabilizing strategies may be jointly stabilizing

Cited in

(15)

• Finite-time stability analysis and control for a class of stochastic singular biological economic systems based on T-S fuzzy model
• Adaptive expectations and cobweb phenomena: does heterogeneity matter?
• Can management measures ensure the biological and economical stabilizability of a fishing model?
• Stability, chaos and multiple attractors: a single agent makes a difference
• scientific article; zbMATH DE number 1497338 (Why is no real title available?)
• Memory, market stability and attractors coexistence in a nonlinear cobweb model
• Stability analysis of a cobweb model with market interactions
• Price stabilization using buffer stocks
• Dynamics of beliefs and learning under \(a_{L}\)-processes -- the heterogeneous case
• A cobweb model with gradient adjustment mechanism: nonlinear dynamics and multistability
• Smart or stupid depends on who is your counterpart: a cobweb model with heterogeneous expectations
• Instability in the cobweb model under the BNN dynamic
• Local convergence properties of a cobweb model with rationally heterogeneous expectations
• Fundamentalists vs. chartists: learning and predictor choice dynamics
• Eductive stability, heterogeneous information costs and period-two cycle multiplicity

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