We extend the profit-based evolutionary cobweb setting in Hommes and Wagener (2010) by assuming that the market is populated by rational producers, which correctly anticipate the next period price, in addition to biased and unbiased fundamentalists. Moreover, we suppose that agents face...

We consider the overlapping generation model formulated in Dioikitopoulos (2018) that tackles the problem of fiscal policy rules for debt sustainability, allowing for the presence of debt bubbles. The author gives conditions for sustainability achievement in terms of debt and capital control...

We extend the dynamic Cournot duopoly framework with emission charges on outputs by Mamada and Perrings (2020), which encompassed homogeneous products in its original formulation, to the more general case of differentiated goods, in order to highlight the richness in its static and dynamic...

We reconsider the dynamic Cournot duopoly framework with homogeneous goods by Mamada and Perrings (2020), in order to highlight the richness in its outcomes. In the model, each firm is taxed proportionally to its own emission only and charge functions are quadratic. While Mamada and Perrings...