Complex business cycles and recurrent unemployment in a non-Walrasian macroeconomic model

Article Abstract:

A dynamic non-tatonnement macroeconomic model possessing three main features, such as optimizing behavior of agents that allows agents to trade when prices are not market clearing and gives rise to complex dynamics, is presented. The dynamic system is understood with the help of simulations in the form of time series, bifurcation diagrams, attractors and cyclograms.

Financial markets, Business cycles, Macroeconomics

---

Sample autocorrelation learning in a capital market model

Article Abstract:

A sufficient condition for convergence in a simple asset pricing model is derived analytically and the result is checked through simulations. Estimated by means of sample autocorrelation learning, the market price can diverge and the region of convergence could become very small depending on the underlying parameters.

Capital market, Capital markets

---

The behavioral relevance of mental accounting for the pricing of financial options

Article Abstract:

An experiment in which arbitrage-free option pricing is tested against three hypotheses based on mental accounting is reported. It was found that arbitrage-free option pricing had a significantly lower power than the pricing rules that were based on the idea of mental accounting.

Options (Finance)

Similar abstracts:

• Abstracts: Real-business-cycle models and the forecastable movements in output, hours, and consumption. Stochastic technical progress, smooth trends, and nearly distinct business cycles
• Abstracts: The cyclical behavior of equilibrium unemployment and vacancies. Energy, the stock market, and the putty-clay investment model
• Abstracts: Exchange rates and fundamentals: evidence on long-horizon predictability
• Abstracts: Persuasion games with high order uncertainty. Building rational cooperation. Social optimality and cooperation in nonatomic congestion games
• Abstracts: The two faces of learning by cooperating: the evolution and stability of inter-firm agreements in the European electronics industry

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.