Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5061668 | Economics Letters | 2009 | 4 Pages |
Abstract
In a simple, univariate forward looking model, we show how a class of sunspot equilibria can depend on the relative fraction of agents under heterogeneous expectations. We then investigate if such equilibrium could be brought about by endogenous predictor choice dynamics.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Michele Berardi,