Consistent expectations equilibria

Authors
Publication date 2004
Host editors
  • J. Barkley Rosser Jr.
Book title Complexity in Economic Volume I. Methodology, interacting agents and microeconomic models
ISBN
  • 1840649895
  • 9781840649895
Pages (from-to) 260-294
Number of pages 35
Publisher Cheltenham, Northhampton: Edward Elgar Publishing
Organisations
  • Faculty of Economics and Business (FEB) - Amsterdam School of Economics Research Institute (ASE-RI)
Abstract Complex dynamics in economics arise from nonlinear systems that do not converge to a fixed point, a limit cycle, or explode or implode exponentially due to endogenous factors. They arise from cybernetics, catastrophe theory, chaos theory, or the varieties of modern complexity theory, including models with heterogeneous, interacting agents. This major three-volume collection presents the most important papers in the area of complexity in economics.
Document type Chapter
Note Reprinted from Macroeconomic Dynamics, 2, 287-321 (1998)
Published at https://www.e-elgar.co.uk/web/action.lasso?-database=ElgarTitles.fp5&-layout=lay_select&-response=../search/Selection.lasso&CDM+SerialNo=2709&-search
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