메뉴 건너뛰기




Volumn 33, Issue 3-4, 1998, Pages 333-362

On the consistency of backward-looking expectations: The case of the cobweb

Author keywords

Autocorrelations; Chaos; Consistent expectations; Non linear cobweb model

Indexed keywords


EID: 0032518013     PISSN: 01672681     EISSN: None     Source Type: Journal    
DOI: 10.1016/s0167-2681(97)00062-0     Document Type: Article
Times cited : (88)

References (38)
  • 1
    • 0000009552 scopus 로고
    • Bifurcations from an invariant circle for two-parameter families of maps of the plane: A computer assisted study
    • Aronson, D.G., Chory, M.A., Hall, G.R., McGehee, R.P., 1982. Bifurcations from an invariant circle for two-parameter families of maps of the plane: A computer assisted study, Communications in Mathematical Physics 83, 303-35.
    • (1982) Communications in Mathematical Physics , vol.83 , pp. 303-335
    • Aronson, D.G.1    Chory, M.A.2    Hall, G.R.3    McGehee, R.P.4
  • 2
    • 0003084382 scopus 로고
    • Irregular cobweb dynamics
    • Artstein, Z., 1983. Irregular cobweb dynamics, Economics Letters 11, 15-17.
    • (1983) Economics Letters , vol.11 , pp. 15-17
    • Artstein, Z.1
  • 5
    • 0003287759 scopus 로고
    • Rational routes to randomness
    • Department of Economics, University of Wisconsin
    • Brock, W.A., Hommes, C.H., 1995. Rational routes to randomness. SSRI working paper 9506, Department of Economics, University of Wisconsin.
    • (1995) SSRI Working Paper 9506
    • Brock, W.A.1    Hommes, C.H.2
  • 6
    • 0001288049 scopus 로고    scopus 로고
    • A rational route to randomness
    • Brock, W.A., Hommes, C.H., 1997. A rational route to randomness, Econometrica 65, 1059-1095.
    • (1997) Econometrica , vol.65 , pp. 1059-1095
    • Brock, W.A.1    Hommes, C.H.2
  • 8
    • 0018711639 scopus 로고
    • How chaotic is chaos? Chaotic and other noisy dynamics in the frequence domain
    • Bunow, B., Weiss, G.H., 1979. How chaotic is chaos? Chaotic and other noisy dynamics in the frequence domain, Mathematical Biosciences 47, 221-237.
    • (1979) Mathematical Biosciences , vol.47 , pp. 221-237
    • Bunow, B.1    Weiss, G.H.2
  • 9
    • 0001141919 scopus 로고
    • The cobweb model. Its instability and the onset of chaos
    • Chiarella, C., 1988. The cobweb model. Its instability and the onset of chaos, Economic Modelling 5, 377-384.
    • (1988) Economic Modelling , vol.5 , pp. 377-384
    • Chiarella, C.1
  • 10
    • 0001380566 scopus 로고
    • The dynamics of speculative behaviour
    • Chiarella, C., 1992. The dynamics of speculative behaviour, Annals of Operations Research 37, 101-123.
    • (1992) Annals of Operations Research , vol.37 , pp. 101-123
    • Chiarella, C.1
  • 11
    • 0010940096 scopus 로고
    • Cobweb chaos
    • Kaul, T.K., Sengupta, J.K. Eds. Essays in Honor of Karl A. Fox, North-Holland, Amsterdam
    • Day, R.H., Hanson, K.A., 1991. Cobweb chaos, in: Kaul, T.K., Sengupta, J.K. (Eds.), Economic Models, Estimation and Socioeccnomic Systems. Essays in Honor of Karl A. Fox, North-Holland, Amsterdam.
    • (1991) Economic Models, Estimation and Socioeccnomic Systems
    • Day, R.H.1    Hanson, K.A.2
  • 15
    • 0000131597 scopus 로고
    • Using survey data to test propositions regarding exchange rate expectations
    • Frankel, F.A., Froot, K.A., 1987. Using survey data to test propositions regarding exchange rate expectations, American Economic Review 77, 133-153.
    • (1987) American Economic Review , vol.77 , pp. 133-153
    • Frankel, F.A.1    Froot, K.A.2
  • 16
    • 0002913540 scopus 로고
    • The nonlinear accelerator and the persistence of business cycles
    • Goodwin, R.M., 1951. The nonlinear accelerator and the persistence of business cycles, Econometrica 19, 1-17.
    • (1951) Econometrica , vol.19 , pp. 1-17
    • Goodwin, R.M.1
  • 17
    • 0003325569 scopus 로고
    • Expectations formation and stability in large socioeconomic systems
    • Grandmont, J.-M., 1994. Expectations formation and stability in large socioeconomic systems, CEPREMAP working paper no. 9424.
    • (1994) CEPREMAP Working Paper , vol.9424
    • Grandmont, J.-M.1
  • 22
    • 38249030691 scopus 로고
    • Memory and market stability. The case of the cobweb
    • Holmes, J.M., Manning, R., 1988. Memory and market stability. The case of the cobweb, Economics Letters 28, 1-7.
    • (1988) Economics Letters , vol.28 , pp. 1-7
    • Holmes, J.M.1    Manning, R.2
  • 23
    • 0000195936 scopus 로고
    • Adaptive learning and roads to chaos. The case of the cobweb
    • Hommes, C.H., 1991a. Adaptive learning and roads to chaos. The case of the cobweb, Economics Letters 36, 127-132.
    • (1991) Economics Letters , vol.36 , pp. 127-132
    • Hommes, C.H.1
  • 25
    • 0000533101 scopus 로고
    • Dynamics of the cobweb model with adaptive expectations and nonlinear supply and demand
    • Hommes, C.H., 1994. Dynamics of the cobweb model with adaptive expectations and nonlinear supply and demand, Journal of Economic Behavior and Organization 24, 315-335.
    • (1994) Journal of Economic Behavior and Organization , vol.24 , pp. 315-335
    • Hommes, C.H.1
  • 26
    • 0010018665 scopus 로고    scopus 로고
    • Consistent expectations equilibria
    • Tinbergen Institute discussion paper T1 97-051/1, 1997, forthcoming
    • Hommes, C.H., Sorger, G., 1997. Consistent expectations equilibria, Tinbergen Institute discussion paper T1 97-051/1, Macroeconomic Dynamics, 1997, forthcoming.
    • (1997) Macroeconomic Dynamics
    • Hommes, C.H.1    Sorger, G.2
  • 27
    • 0001576172 scopus 로고
    • Chaotic price behaviour in a nonlinear cobweb model
    • Jensen, R.V., Urban, R., 1984. Chaotic price behaviour in a nonlinear cobweb model, Economics Letters 15, 235-240.
    • (1984) Economics Letters , vol.15 , pp. 235-240
    • Jensen, R.V.1    Urban, R.2
  • 28
    • 0002808908 scopus 로고
    • A model of the trade cycle
    • Kaldor, N., 1940. A model of the trade cycle, Economic Journal 50, 78-92.
    • (1940) Economic Journal , vol.50 , pp. 78-92
    • Kaldor, N.1
  • 29
    • 38249023697 scopus 로고
    • Application of nonlinear mapping theory to commodity price fluctuations
    • Lichtenberg, A.J., Ujihara, A., 1989. Application of nonlinear mapping theory to commodity price fluctuations, Journal of Economic Dynamics and Control 13, 225-246.
    • (1989) Journal of Economic Dynamics and Control , vol.13 , pp. 225-246
    • Lichtenberg, A.J.1    Ujihara, A.2
  • 32
    • 0001281286 scopus 로고
    • Rational expectations and the theory of price movements
    • Muth, J.F., 1961. Rational expectations and the theory of price movements, Econometrica 29, 315-335.
    • (1961) Econometrica , vol.29 , pp. 315-335
    • Muth, J.F.1
  • 33
    • 84963009363 scopus 로고
    • Adaptive expectations and cobweb phenomena
    • Nerlove, M., 1958. Adaptive expectations and cobweb phenomena, Quarterly Journal of Economics 72, 227-240.
    • (1958) Quarterly Journal of Economics , vol.72 , pp. 227-240
    • Nerlove, M.1
  • 37
    • 0009989179 scopus 로고
    • Imperfect foresight and chaos: An example of a self-fulfilling mistake
    • Dep. of Economics, Univ. of Vienna, May 24-26, 1995
    • Sorger, G., 1994. Imperfect foresight and chaos: an example of a self-fulfilling mistake, Dep. of Economics, Univ. of Vienna, paper presented at the 5th Viennese Workshop on Advances in Nonlinear Economic Dynamics, May 24-26, 1995.
    • (1994) 5th Viennese Workshop on Advances in Nonlinear Economic Dynamics
    • Sorger, G.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.