EconPapers    
Economics at your fingertips  
 

A spatial separation model of a credit economy with optimistic and pessimistic quantity expectations

Sander van der Hoog ()

No 05-16, CeNDEF Working Papers from Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance

Abstract: The paper studies dynamic trading behavior in a circular exchange economy. Transactions take place sequentially at non-equilibrium prices, there is quantity rationing, and credit is the only means of exchange. Agents can have optimistic or pessimistic expectations about quantity constraints which represent their beliefs about future trading opportunities and they take into account that they are being rationed.

Date: 2005
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www1.fee.uva.nl/cendef/publications/papers/Paper-Credit-Model.zip.ps (application/postscript)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www1.fee.uva.nl/cendef/publications/papers/Paper-Credit-Model.zip.ps [301 Moved Permanently]--> https://www1.fee.uva.nl/cendef/publications/papers/Paper-Credit-Model.zip.ps [301 Moved Permanently]--> http://www1feb-uva.nl/cendef/publications/papers/Paper-Credit-Model.zip.ps [301 Moved Permanently]--> https://www1feb-uva.nl/cendef/publications/papers/Paper-Credit-Model.zip.ps)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ams:ndfwpp:05-16

Access Statistics for this paper

More papers in CeNDEF Working Papers from Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance Dept. of Economics and Econometrics, Universiteit van Amsterdam, Roetersstraat 11, NL - 1018 WB Amsterdam, The Netherlands. Contact information at EDIRC.
Bibliographic data for series maintained by Cees C.G. Diks ().

 
Page updated 2021-06-11
Handle: RePEc:ams:ndfwpp:05-16