English, Article, Journal or magazine article edition: Past expectations as a determinant of equilibrium prices - hysteresis in a simple economy Sofia Castro; João Correia-da-Silva

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/182769
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Past expectations as a determinant of equilibrium prices - hysteresis in a simple economy
Author
  • Sofia Castro
  • João Correia-da-Silva
Physical Description
  • preprint
Notes
  • We give an illustration of hysteresis (path-dependence) in a simple economy. In the presence of multiple possible equilibrium prices, we find that past expectations determine present prices. This phenomenon of path-dependence is robust under perturbations of the economy.
  • Hysteresis, Path-dependence, Tatônnement, Equilibrium selection
  • RePEc:por:fepwps:185
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment