Rational expectations and differentiated information costs for heterogeneous fundamentalists in an evolutive Muthian cobweb model.
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DOI: 10.1063/5.0068648
Abstract: We extend the evolutionary cobweb setting proposed in Hommes and Wagener [J. Econ. Behav. Organ. 75, 25-39 (2010)] in which the share updating mechanism is based on a comparison among the profits realized by the… read more here.
Keywords: information costs; econ behav; information; behav organ ... See more keywords