Baumann, Michael Heinrich; Baumann, Michaela; Grüne, Lars - In: Computational Economics 62 (2022) 3, pp. 855-890
We consider a standard heterogeneous agent model (HAM) that is widely used to analyze price developments in financial markets. The model is linear in log-prices and, in its basic setting, populated by fundamentalists and chartists. As the number of fundamentalists increases and exceeds a...