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The Cobweb and Other Simple Dynamic Models
1959Economics is concerned with quantities of goods or factors and their prices. Goods or factors are bought and sold on markets ; one group of persons or organisations is buying, another group is selling on each market. In this chapter, a market for a particular good or factor is considered and the only aggregation is of buyers into a group and of sellers
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Expectation Dynamics in the Cobweb Model
2023Srinivas Raghavendra, Petri T. Piiroinen
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High-Dimensional Nonlinear Cobweb Model
2018One of the important conclusions of Chap. 3 is that heterogeneity matters decisively in the complex behavior of a nonlinear economy when at least two different types of agents exist. The question then arises: what happens if there are many different agents in a nonlinear economy?
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Dynamics of the cobweb model with adaptive expectations and nonlinear supply and demand
Journal of Economic Behavior and Organization, 1994Cars Hommes
exaly
New non-equilibrium cobweb dynamical evolution model and its application
Economic Modelling, 2015Xinghua Fan, Minggang Wang
exaly
Application and Stability Analysis of Cobweb Model with Damping
Applied Economics and Policy Studies, 2022exaly
A cobweb model with gradient adjustment mechanism: nonlinear dynamics and multistability
Journal of Difference Equations and Applications, 2018Ahmad Naimzada, Nicolò Pecora
exaly