We integrate a plausible expectation formation and learning scheme of boundedly rational
investors into a standard user cost housing market model, involving a rental and a housing …

We develop a cobweb model in which firms, facing a two-period production delay, have
access to a flexible (costly) and an inflexible (cheap) production technology. Moreover, firms …

We propose a simple agent-based version of Paul de Grauwe's chaotic exchange rate
model. In particular, we assume that each speculator follows his own technical and …

We reconsider the well-known conditions which guarantee the roots of a third-degree
polynomial to be inside the unit circle. These conditions are important in the stability analysis …

It takes time to produce commodities, and different production technologies may take
different lengths of time. Suppose that firms may switch between different production …

We propose a novel housing market model to explore the effectiveness of rent control. Our
model reveals that the expectation formation and learning behavior of boundedly rational …

In this paper we determine the necessary and sufficient conditions for asymptotically stability
of periodic cycles for periodic difference equations by using the Jury's conditions. Such …

We apply recent stability and bifurcation results to provide an analytical characterization of
Paul de Grauwe's chaotic exchange rate model. We prove that the model's fundamental …

In recent decades, several scholars have formalised Minsky's profound insight that
increasing financial fragility accompanies periods of economic stability. It must be noted …

Based on the seminal asset-pricing model by Brock and Hommes (J Econ Dyn Control 22:
1235–1274, 1998), we analytically show that higher wealth taxes increase the risky asset's …