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
Rights
Copyright © 2020 Published by Elsevier B.V. This work has been made available online in accordance with publisher policies or with permission. Permission for further reuse of this content should be sought from the publisher or the rights holder. This is the author created accepted manuscript following peer review and may differ slightly from the final published version. The final published version of this work is available at https://doi.org/10.1016/j.econlet.2020.109130
Description
Financial support from National Science Foundation Grant No. SES-1559209 is gratefully acknowledged.Collections
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