کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
9555946 | 1377051 | 2005 | 22 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Eductive expectations coordination on deterministic cycles in an economy with heterogeneous agents
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کلمات کلیدی
موضوعات مرتبط
مهندسی و علوم پایه
ریاضیات
کنترل و بهینه سازی
پیش نمایش صفحه اول مقاله
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چکیده انگلیسی
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 assumptions. We consider an overlapping generations economy in which agents have heterogeneous utility functions. We show that locally eductively stable 2-cycles can exist when agents have stationary beliefs. We also show that heterogeneity may hinder eductive coordination.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Dynamics and Control - Volume 29, Issue 5, May 2005, Pages 931-952
Journal: Journal of Economic Dynamics and Control - Volume 29, Issue 5, May 2005, Pages 931-952
نویسندگان
Giorgio Negroni,