Equilibrium stability in a nonlinear cobweb model

Evans, George W.; McGough, Bruce

View/Open

Evans_2020_EL_EquilibriumStability_AAM.pdf (514.1Kb)

Date

08/2020

Altmetrics Handle Statistics

Altmetrics DOI Statistics

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

DOI

https://doi.org/10.1016/j.econlet.2020.109130

ISSN

0165-1765

Type

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

University of St Andrews Research

URI

http://hdl.handle.net/10023/24393