Equilibrium stability in a nonlinear cobweb model
Abstract
We demonstrate existence, and stability under adaptive learning, of restricted perceptions equilibria in a nonlinear cobweb model.
Citation
Evans , G W & McGough , B 2020 , ' Equilibrium stability in a nonlinear cobweb model ' , Economics Letters , vol. 193 , 109130 . https://doi.org/10.1016/j.econlet.2020.109130
Publication
Economics Letters
Status
Peer reviewed
ISSN
0165-1765Type
Journal article
Description
Financial support from National Science Foundation Grant No. SES-1559209 is gratefully acknowledged.Collections
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