Global stability in spite of 'local instability' with learning
Article Abstract:
Learning dynamics are investigated in deterministic economies. Issues related to local convergence and divergence of behavior are examined in detail.
Publisher: Elsevier B.V.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2000
Economic aspects, Economic research, Learning
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2000
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The unit root property and optimality: a simple proof
Article Abstract:
An overlapping generations economy with pure exchange is explored, with a focus on stationary equilibrium allocation. Rates of substitution are examined, including Pareto optimality.
Publisher: Elsevier B.V.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2001
Research, Exchange
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2001
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Functional sunspot equilibria
Article Abstract:
Conditions of functional sunspot (stochastic) equilibria for a one step forward looking model are examined.
Publisher: Elsevier B.V.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2006
United States, Learning models (Stochastic processes), Stochastic models
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2006
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Subjects list: Analysis, Economics, Equilibrium (Economics)
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