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Consistent expectations equilibria and complex dynamics in renewable resource markets

Hommes, Cars H.; Rosser, John Barkley - 2000

Persistent link: https://www.econbiz.de/10001554466

Consistent expectations equilibria and complex dynamics in renewable resource markets

Hommes, Cars H.; Rosser, John Barkley - 1999

Persistent link: https://www.econbiz.de/10001412170

On the consistency of backward-looking expectations : the case of the cobweb

Hommes, Cars H. - In: Journal of economic behavior & organization : JEBO 33 (1998) 3, pp. 333-362

Persistent link: https://www.econbiz.de/10001337574

Consistent expectations equilibria and complex dynamics in renewable resource markets

Hommes, Cars H.; Rosser, John Barkley - In: Macroeconomic dynamics 5 (2001) 2, pp. 180-203

Persistent link: https://www.econbiz.de/10001584396

Consistent expectations equilibria and complex dynamics in renewable resource markets

Hommes, Cars H.; Rosser, J. Barkley - 2001

Price fluctuations under adaptive learning in renewable resourcemarkets such as fisheries are examined. Optimal fisherymanagement with logistic fish pOpUlation growth implies a backward-bending, discounted supply curve for bioeconomicequilibrium sustained yield. Higher discount rates bend...

Persistent link: https://www.econbiz.de/10011313924