YILDIZOGLU, Murat; SENEGAS, Marc-Alexandre; SALLE, Isabelle - Groupe de Recherche en Économie Théorique et … - 2011
This article questions the rather pessimistic conclusions of Allen et Carroll (2001) about the ability of consumer to learn the optimal buffer-stock based consumption rule. To this aim, we develop an agent based model where alternative learning schemes can be compared in terms of the consumption...