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.
"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)
|Deposited On:||29 Nov 2011 21:26|
|Last Modified:||09 Jul 2012 05:02|
|Series Name:||Working paper series / Institute for Empirical Research in Economics|
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