there is a unique nontrivial equilibrium which is a global attractor. In addition, the speed of convergence to the steady …

there is a unique nontrivial equilibrium which is a global attractor. In addition, the speed of convergence to the steady …

We propose theory-based Monte Carlo simulations to quantify the extent to which the estimated speed of convergence … that, given a true speed of convergence of around 5%, the estimated values range from 0.2% to 7.72%. This corresponds to a … inefficient) system GMM estimator with the collapsed matrix of instruments, the true speed of convergence is outside of the 95 …

We propose theory-based Monte Carlo simulations to quantify the extent to which the estimated speed of convergence … that, given a true speed of convergence of around 5%, the estimated values range from 0.2% to 7.72%. This corresponds to a … inefficient) system GMM estimator with the collapsed matrix of instruments, the true speed of convergence is outside of the 95 …

some extent. We provide an analysis of the speed of convergence and the possible outcomes of the process. Furthermore, we …

speed of convergence is also considered and an answer to the question of optimal information aggregation in networks …