Lima, Gilberto Tadeu; Silveira, Jaylson Jair da - Departamento de Economia, Faculdade de Economia, … - 2013
lagged optimal price (bounded rationality strategy). We devise an evolutionary micro-dynamics that, by interacting to the … dynamics of the aggregate variables, determines the co-evolution of the distribution of information-updating strategies in the … learning dynamics takes the information-updating process to an equilibrium configuration in which, despite all firms play the …