2009, 2006, English, Article, Other article edition: An analysis of the cobweb model with boundedly rational heterogeneous producers Chiarella, Carl; He, Xuezhong; Hung, Hing; ...

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/195960042
Published
  • Elsevier BV, 2009-12-21T02:36:51Z 2006
Language
  • English

Edition details

Title
  • An analysis of the cobweb model with boundedly rational heterogeneous producers
Author
  • Chiarella, Carl
  • He, Xuezhong
  • Hung, Hing
  • Zhu, Peiyuan
Published
  • Elsevier BV, 2009-12-21T02:36:51Z 2006
Summary
  • This paper considers the traditional cobweb model with heterogenous risk averse producers whose supply functions involve their estimates of the conditional mean and variance of the future price. The producers seek to learn these quantities by applying geometric decay processes (GDP) to past prices. The heterogeneity manifests itself in the lag lengths and memory parameters applied to past prices as well as in risk aversion coefficients. We find that each dimension of heterogeneity changes/​enriches the cobweb dynamics with respect to the case of homogeneous producers.
Terms of Use
  • NOTICE: this is the author’s version of a work that was accepted for publication in Journal of Economic Behavior & Organization. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Journal of Economic Behavior & Organization, [Volume 61, Issue 4, December 2006, Pages 750–768] DOI#” http:/​/​dx.doi.org/​10.1016/​j.jebo.2004.07.019
Language
  • English
Related Resource
Identifier
  • oai:epress.lib.uts.edu.au:10453/​5148
  • 2006004615
  • Chiarella Carl et al. 2006, 'An analysis of the cobweb model with boundedly rational heterogeneous producers', Elsevier BV, vol. 61, no. 4, pp. 750-768.
  • 0167-2681
  • C1
  • 750

Get this edition

  • 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)
  • NSW (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