In this paper we study the adaptive rational equilibrium dynamics in a simple asset pricing model introduced by Brock and Hommes (System Dynamics in Economic and Financial Models, Wiley, Chichester, 1997, pp. 3}44; Journal of Economic Dynamics and Control, 22, 1998, 1235}1274). Traders have heteroge
β¦ LIBER β¦
Asset pricing with endogenous aspirations
β Scribed by Fabio Antonelli; Emilio Barucci; Maria Elvira Mancino
- Publisher
- Springer Milan
- Year
- 2001
- Tongue
- English
- Weight
- 117 KB
- Volume
- 24
- Category
- Article
- ISSN
- 1593-8883
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