Matches in SemOpenAlex for { <https://semopenalex.org/work/W2035612306> ?p ?o ?g. }
Showing items 1 to 65 of
65
with 100 items per page.
- W2035612306 endingPage "1780" @default.
- W2035612306 startingPage "1757" @default.
- W2035612306 abstract "Abstract This paper introduces, within the framework of a simple example, the notion of a subjective temporary equilibrium. The underlying relation linking forecasts to equilibrium values of the state variable is linear. However, agents perceive a non-linear law that governs the rate of adjustment between successive periods and forecast using linear approximations to the non-linear law of motion. This is shown to generate a non-linear law of motion for the state variable with the feature that the agent's model describes correctly the period wise evolution of the economy. The resulting non-linear law of motion is referred to as a subjective temporary equilibrium as its specification is determined largely by the subjective beliefs of the agents regarding the dynamics of the system. In a subjective equilibrium, agents forecasts are generated by taking linear approximations to a correctly specified law of motion and the forecasts may accordingly be interpreted as being boundedly rational in a first-order sense. There exist specifications that admit the possibility of cyclical behaviour." @default.
- W2035612306 created "2016-06-24" @default.
- W2035612306 creator A5000574016 @default.
- W2035612306 date "2004-07-01" @default.
- W2035612306 modified "2023-09-26" @default.
- W2035612306 title "Subjective temporary equilibrium" @default.
- W2035612306 cites W128149963 @default.
- W2035612306 cites W1535778490 @default.
- W2035612306 cites W1941280795 @default.
- W2035612306 cites W1990072865 @default.
- W2035612306 cites W2003830355 @default.
- W2035612306 cites W2011432495 @default.
- W2035612306 cites W2028725248 @default.
- W2035612306 cites W2032435386 @default.
- W2035612306 cites W2037292068 @default.
- W2035612306 cites W2039776054 @default.
- W2035612306 cites W2054537040 @default.
- W2035612306 cites W2059340344 @default.
- W2035612306 cites W2142742004 @default.
- W2035612306 cites W2798754340 @default.
- W2035612306 cites W3122657550 @default.
- W2035612306 doi "https://doi.org/10.1016/j.jedc.2003.04.005" @default.
- W2035612306 hasPublicationYear "2004" @default.
- W2035612306 type Work @default.
- W2035612306 sameAs 2035612306 @default.
- W2035612306 citedByCount "0" @default.
- W2035612306 crossrefType "journal-article" @default.
- W2035612306 hasAuthorship W2035612306A5000574016 @default.
- W2035612306 hasConcept C103382277 @default.
- W2035612306 hasConcept C133425853 @default.
- W2035612306 hasConcept C144237770 @default.
- W2035612306 hasConcept C149782125 @default.
- W2035612306 hasConcept C162324750 @default.
- W2035612306 hasConcept C165404738 @default.
- W2035612306 hasConcept C165556158 @default.
- W2035612306 hasConcept C175444787 @default.
- W2035612306 hasConceptScore W2035612306C103382277 @default.
- W2035612306 hasConceptScore W2035612306C133425853 @default.
- W2035612306 hasConceptScore W2035612306C144237770 @default.
- W2035612306 hasConceptScore W2035612306C149782125 @default.
- W2035612306 hasConceptScore W2035612306C162324750 @default.
- W2035612306 hasConceptScore W2035612306C165404738 @default.
- W2035612306 hasConceptScore W2035612306C165556158 @default.
- W2035612306 hasConceptScore W2035612306C175444787 @default.
- W2035612306 hasIssue "9" @default.
- W2035612306 hasLocation W20356123061 @default.
- W2035612306 hasOpenAccess W2035612306 @default.
- W2035612306 hasPrimaryLocation W20356123061 @default.
- W2035612306 hasRelatedWork W1492497485 @default.
- W2035612306 hasRelatedWork W1585799505 @default.
- W2035612306 hasRelatedWork W1588708051 @default.
- W2035612306 hasRelatedWork W2039523438 @default.
- W2035612306 hasRelatedWork W2091025808 @default.
- W2035612306 hasRelatedWork W2111255322 @default.
- W2035612306 hasRelatedWork W2469887037 @default.
- W2035612306 hasRelatedWork W3121667236 @default.
- W2035612306 hasRelatedWork W3140708261 @default.
- W2035612306 hasRelatedWork W3216284341 @default.
- W2035612306 hasVolume "28" @default.
- W2035612306 isParatext "false" @default.
- W2035612306 isRetracted "false" @default.
- W2035612306 magId "2035612306" @default.
- W2035612306 workType "article" @default.