𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Property rights and dynamics of the institutional learning process under regulation

✍ Scribed by E. Lefrançois; L. Monnier

Book ID
108519109
Publisher
John Wiley and Sons
Year
1999
Tongue
English
Weight
119 KB
Volume
70
Category
Article
ISSN
1370-4788

No coin nor oath required. For personal study only.

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This paper studies a class of models in which agents' expectations in uence the actual dynamics while the expectations themselves are the outcome of some recursive processes with bounded memory. Under the assumptions of heterogeneous expectations (or beliefs) and that the agents update their expecta