STABILITY AND CYCLES IN A COBWEB MODEL WITH HETEROGENEOUS EXPECTATIONS

DOI10.1017/S1365100505050017zbMath1101.91341OpenAlexW2138362243MaRDI QIDQ3375355

Serge Svizzero, Clem Tisdell, Laurence Lasselle

Publication date: 8 March 2006

Published in: Macroeconomic Dynamics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1017/s1365100505050017

zbMATH Keywords

bounded rationalityNeimark-Sacker bifurcationflip bifurcationcobweb model

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items (7)

Price stabilization using buffer stocks ⋮ Fundamentalists vs. chartists: learning and predictor choice dynamics ⋮ Smart or stupid depends on who is your counterpart: a cobweb model with heterogeneous expectations ⋮ Adaptive expectations and cobweb phenomena: does heterogeneity matter? ⋮ Can management measures ensure the biological and economical stabilizability of a fishing model? ⋮ A cobweb model with gradient adjustment mechanism: nonlinear dynamics and multistability ⋮ Finite-time stability analysis and control for a class of stochastic singular biological economic systems based on T-S fuzzy model

Cites Work

• Adaptive learning and roads to chaos. The case of the cobweb
• Two destabilizing strategies may be jointly stabilizing
• Local convergence properties of a cobweb model with rationally heterogeneous expectations
• Heterogeneous beliefs and the non-linear cobweb model
• RESONANCE PHENOMENA IN AN ADAPTIVELY-CONTROLLED SYSTEM
• A Rational Route to Randomness

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