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Auctioning payments for ecosystem services (PES) contracts : a behavioural and experimental economic analysis

Kouakou, Abel-Gautier - 2020

Persistent link: https://www.econbiz.de/10012654606

Expectations structure in asset pricing experiments

Bottazzi, Giulio (contributor); … - 2003 - [Elektronische Ressource]

instance the formation of speculative bubbles and crashes on financial markets, little attention has been devoted so far by … experiments on expectation formation in a controlled laboratory environment by Cars Hommes, Joep Sonnemans, Ian Tuinstra and Henk … increase in their wealth level. With respect to previous experiments that did not include an explicit evaluation of risk by …

Persistent link: https://www.econbiz.de/10002133504

Trust, but verify : de-anchoring of inflation expectations under learning and heterogeneity

Busetti, Fabio; Delle Monache, Davide; Gerali, Andrea; … - Task Force on Low Inflation (LIFT) - 2017

The paper studies how a prolonged period of subdued price developments may induce a de-anchoring of inflation expectations from the central bank's objective. This is shown within a framework where agents form expectations using adaptive learning, choosing among a set of alternative forecasting...

Persistent link: https://www.econbiz.de/10011636284

Price and wealth dynamics in a speculative market with arbitrary number of generic technical traders

Anufriev, Mikhail (contributor); … - 2005

We consider a simple pure exchange economy with two assets, one riskless, yielding a constant return, and one risky, paying a stochastic dividend, and we assume trading to take place in discrete time inside an endogenous price formation setting. Traders demand for the risky asset is expressed as...

Persistent link: https://www.econbiz.de/10003209247

Price and wealth asymptotic dynamics with CRRA technical trading strategies

Anufriev, Mikhail (contributor); … - 2005

We consider a simple pure exchange economy with two assets, one riskless, yielding a constant return on investment, and one risky, paying a stochastic dividend. Trading takes place in discrete time and in each trading period the price of the risky asset is fixed by imposing market clearing...

Persistent link: https://www.econbiz.de/10003212664