Permanent URL to this publication: http://dx.doi.org/10.5167/uzh-52023
Schenk-Hoppé, Klaus Reiner (2002). Resuscitating the Cobweb Cycle. Working paper series / Institute for Empirical Research in Economics No. 123, University of Zurich.
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Abstract
"This note shows that permanent fluctuations in the Cobweb model — though inconsistent with a rational expectations equilibrium — can be justified as being rational when reinterpreting the model in the theory of rational beliefs."
| Item Type: | Working Paper |
|---|---|
| Communities & Collections: | 03 Faculty of Economics > Department of Economics Working Paper Series > Institute for Empirical Research in Economics (former) |
| DDC: | 330 Economics |
| Language: | English |
| Date: | July 2002 |
| Deposited On: | 29 Nov 2011 22:26 |
| Last Modified: | 09 Jul 2012 07:02 |
| Series Name: | Working paper series / Institute for Empirical Research in Economics |
| ISSN: | 1424-0459 |
| Official URL: | http://www.econ.uzh.ch/wp.html |
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