Endogenous oscillations in a discrete dynamic model with inventory
Introducing the producer's intertemporal optimizing behavior, we extend the Eckalbar Disequilibrium Macro-Model (1985) and reconsider the dynamic features of the modified model. We concern ourselves with the existence of inventory cycles when the expectations are formed adaptively. The endogeno...
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| Format: | Article |
| Language: | English |
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Hindawi Limited
1997-01-01
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| Series: | Discrete Dynamics in Nature and Society |
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| Online Access: | http://dx.doi.org/10.1155/S1026022697000216 |