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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."

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Additional indexing

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 21:26
Last Modified:09 Jul 2012 05:02
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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