Foroni, Ilaria; Gardini, Laura; Rosser, J. Barkley - In: Mathematics and Computers in Simulation (MATCOM) 63 (2003) 6, pp. 541-567
Rational expectations models have increasingly been replaced by models with various forms of learning. This paper studies the global dynamics of a model of renewable resource markets due to Hommes and Rosser [Macroecon. Dyn. 5 (2001) 180] under adaptive and statistical learning systems. The...