Memory and market stability: the case of the cobweb

DOI10.1016/0165-1765(88)90062-6zbMath1328.91226OpenAlexW1555598590MaRDI QIDQ900170

James M. Holmes, Richard L. Manning

Publication date: 1 January 2016

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0165-1765(88)90062-6

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) General equilibrium theory (91B50) Economic dynamics (91B55)

Related Items (12)

Dynamic effects of memory in a cobweb model with competing technologies ⋮ Nonlinear-cobweb dynamics in the approach to equilibrium ⋮ Memory, market stability and the nonlinear cobweb theorem ⋮ A time-varying model of rational learning ⋮ Dynamical regimes due to technological change in a microeconomical model of production ⋮ Bifurcation structures of a cobweb model with memory and competing technologies ⋮ A stochastic cobweb dynamical model ⋮ Path Dependence in Models with Fading Memory or Adaptive Learning ⋮ Non-linearities and partial analysis ⋮ Chaotic dynamics in agricultural markets ⋮ Memory, market stability and attractors coexistence in a nonlinear cobweb model ⋮ Adaptive learning and roads to chaos. The case of the cobweb

Cites Work

• Chaotic price behavior in a nonlinear cobweb model
• Rational Expectations Equilibria, Learning, and Model Specification
• Simple mathematical models with very complicated dynamics

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