Eductive Expectations Coordination in Dynamic Economies: the Case of Deterministic Cycles

G. Negroni

DELTA Working Papers from DELTA (Ecole normale supérieure)

Abstract: In this paper we study expectations coordination on a deterministic 2-cycle by an "eductive" approach in which agents are concerned with forecasting the forecasts of others. This approach is grounded in some Common Knowledge assumption. We show that eductively stable 2-cycles exit. We also show that heterogeneity of fundamentals and expectations create difficulties to eductive coordination.

Keywords: EXPECTATIONS; FORECASTS (search for similar items in EconPapers)
JEL-codes: D72 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:del:abcdef:2000-17

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