schedule would become a time-varying quantity. Based on a behavioral cobweb framework, we analytically demonstrate that …

version of a cobweb model. In an evolutionary learning set-up, which is imitative, principals can have different beliefs about …

We develop a cobweb model in which firms, facing a two-period production delay, have access to a flexible (costly) and … theirevolutionary fitness, measured in terms of past realized profits. The dynamics of our cobweb model is driven by a four … that our cobweb model may also produce chaotic motion. …

We extend the profit-based evolutionary cobweb setting in Hommes and Wagener (2010) by assuming that the market is …