Least-Squares Learning and the Stability of Equilibria with Externalities

DOI10.2307/2297818MaRDI QIDQ4033907zbMATH OpenOpenAlexFDO

Authors Bartholomew Moore

Publication date 16 May 1993

Published in Review of Economic Studies (Search for Journal in Brave)

Full work available at URL https://doi.org/10.2307/2297818

Mathematics Subject Classification ID

Economic growth models (91B62)

Recommendations

• Global stability in spite of local instability with learning
• Least squares learning with heterogeneous expectations
• Learning equilibria
• Convergence of least squares learning to a non-stationary equilibrium
• The convergence of least squares learning in stochastic temporary equilibrium models

Cited in

(6)

• Stability of competitive equilibrium with respect to recursive and learning processes
• Learning and the saddle point property
• Learning equilibria
• Policy interaction and learning equilibria
• Stability properties for learning with heterogeneous expectations and multiple equilibria
• The economic determinants of technology shocks in a real business cycle model

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