Equilibrium stability in a nonlinear cobweb model
George Evans () and
Bruce McGough ()
Economics Letters, 2020, vol. 193, issue C
We demonstrate existence, and stability under adaptive learning, of restricted perceptions equilibria in a nonlinear cobweb model.
Keywords: E-stability; Adaptive learning; Restricted perceptions equilibrium; Cobweb model (search for similar items in EconPapers)
JEL-codes: D83 D84 E31 E32 E52 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:193:y:2020:i:c:s0165176520301063
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