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Abstract We demonstrate existence, and stability under adaptive learning, of restricted perceptions equilibria in a nonlinear cobweb model. Click to show full abstract
Abstract We demonstrate existence, and stability under adaptive learning, of restricted perceptions equilibria in a nonlinear cobweb model.
Keywords:
equilibrium stability;
nonlinear cobweb;
stability nonlinear;
cobweb model
Journal Title: Economics Letters
Year Published: 2020
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Journal Title: Economics Letters
Year Published: 2020
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!