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Learning by Disinflating
Ellison, Martin; Ellison, Martin; Barnett, Alina - Department of Economics, Oxford University - 2011
the existing literature, which typically focuses on the learning of private agents during a disinflation.  We build a …
Persistent link: https://www.econbiz.de/10009364587
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Learning and price volatility in duopoly models of resource depletion
Ellison, Martin; Scott, Andrew - In: Journal of Monetary Economics 60 (2013) 7, pp. 806-820
The combination of learning and depletion in non-renewable resource markets adds significant volatility to commodity … sensitive price is to supply. Learning leads to changes in these perceptions and hence the revision of depletion plans, which …
Persistent link: https://www.econbiz.de/10010868936
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Strong Contagion with Weak Spillovers
Ellison, Martin; Graham, Liam; Vilmunen, Jouko - In: Review of Economic Dynamics 9 (2006) 2, pp. 263-283
In this paper, we develop an explanation for why events in one market may trigger similar events in other markets, even though at first sight the markets appear to be only weakly related. We allow for escape dynamics in each market, and show that an escape in one market is contagious because it...
Persistent link: https://www.econbiz.de/10005027353
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Learning and price volatility in duopoly models of resource depletion
Ellison, Martin; Scott, Andrew - In: Journal of monetary economics 60 (2013) 7, pp. 806-820
Persistent link: https://www.econbiz.de/10010253065