Adaptive Learning and Information Diffusion

This paper introduces a two-stage interactive cobweb model with information diffusion. The additional stage of information diffusion leads to a possibility of up to five equilibria. Stability properties under learning remain similar to those under a model with one-way information diffusion, but this modified assumption improves forecast efficiency for all firms involved.

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Year of publication:	2011
Authors:	Guse, Eran ; Wong, Sunny M.C.
Institutions:	Department of Economics, College of Business and Economics
Subject:	Adaptive Learning \| Expectational Stability \| Information Diffusion \| Cobweb Model \| Heterogeneous Expectations

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 11-04 5 pages
Classification:	C62 - Existence and Stability Conditions of Equilibrium ; D84 - Expectations; Speculations ; E37 - Forecasting and Simulation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010903085