properties of a nonlinear cobweb market with a quadratic cost function and an isoelastic demand function. We consider two types …

We develop a cobweb model in which firms, facing a two-period production delay, have access to a flexible (costly) and … theirevolutionary fitness, measured in terms of past realized profits. The dynamics of our cobweb model is driven by a four … that our cobweb model may also produce chaotic motion. …

The new learning dynamic of Brown, von Neuman and Nash (1950) is introduced to macroeconomic dynamics via the cobweb …

schedule would become a time-varying quantity. Based on a behavioral cobweb framework, we analytically demonstrate that …