Myopic Behavior and Cycles in Aggregate Output: A Note on the Role of Correlated Quantity Adjustments

Jahrbucher fur Nationalokonomie und Statistik

Volumn 222, Issue 3, 2002, Pages 366-376

  Witt, Ulrich ^a   Sun, Guang Zhen ^b  

^a Max Planck Inst Res Economic Syst   (Germany)

^b UNIVERSITY OF MACAU   (Macao)

Author keywords

Business cycle; Locally correlated adaptations; Myopic behavior; Servicing systems

Indexed keywords

EID: 0347937238     PISSN: 00214027     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (6)

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3. Haag, G., W. Weidlich, G. Mensch (1987), "The Schumpeter Clock", in: D. Batten et al (eds.), Economic Evolution and Structural Adjustment. Berlin: Springer, 187-226.
4. Kirman, A. (1997), "Economies with Interacting Agents", in: Arthur, W. B., S. Durlauf and D. Lane (eds.), The Economy as an Evolving Complex System, Vol. 2, Reading, Mass.: Addison-Wesley.
5. Reiter, M. (1995), The Dynamics of Business Cycles-Stylized Facts, Economic Theory, Econometric Methodology and Applications, Heidelberg: Physica.
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