This paper introduces dynamic predictor selection into a New Keynesian model with
heterogeneous expectations and examines its implications for monetary policy. We extend …

A debate has been raging for centuries regarding the effects of interannual storage on
commodity prices. Most analysts consider storage to function as a price stabilizer, while …

This paper explores the steady-state properties and the dynamic behavior of a
generalization of the classical cobweb model. Under fairly general demand and cost …

This paper models expectation formation by taking into account that agents may produce
heterogeneous expectations because of informational frictions and differing levels of a …

This paper offers an overview of the literature on the economic and financial applications of
theory of nonlinear dynamics, especially bifurcation theory. After a short introductory …

Demand-based pricing is often used to moderate demand fluctuations so as to level
resource utilization and increase profitability. However, such pricing policies may not be …

We introduce a framework to analyze the interaction of boundedly rational heterogeneous
agents repeatedly playing a participation game with negative feedback. We assume that …

This paper challenges the robustness of policy propositions of the New Economic
Geography. Simply altering the temporal framework of the Footloose Entrepreneur model …

According to empirical studies, speculators place significant orders in commodity markets
and may cause bubbles and crashes. This paper develops a cobweb-like commodity market …

Wage Differentials by Disability Status A Non linear Cobweb Model of Agricultural Commodity
Price Fluctuations Sophie Mitra * a , Jean-Marc Boussard b a Department of Economics, Fordham …