Boom-bust dynamics in a stock market participation model with heterogeneous traders

Anna Agliari (), Ahmad Naimzada and Nicolò Pecora

Journal of Economic Dynamics and Control, 2018, vol. 91, issue C, 458-468

Abstract: The boundedly rational heterogeneous agent literature can be considered to have properly started with a number of contributions in the early 90s, with the impressive contribution by Carl Chiarella who, amongst his huge field of research, developed several milestone models of heterogeneous interacting agents that are able to generate a number of dynamic outcomes compatible with the empirical evidence.

Keywords: Stock market participation; Heterogenous traders; Boom-bust dynamics; Evolutive systems (search for similar items in EconPapers)
JEL-codes: D84 E32 G12 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:dyncon:v:91:y:2018:i:c:p:458-468

DOI: 10.1016/j.jedc.2018.04.007

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