This essay surveys some of my work on expectations, learning and bounded rationality
within the classical cobweb model following early inspiring ideas from Carl Chiarella. In …

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 …

In order to demonstrate that nonlinear tax systems may have surprising and potentially
undesirable side effects, we develop an evolutionary market entry model in which firms …

The goal of this paper is to review some work on agent-based financial market models in
which the dynamics is driven by piecewise-linear maps. As we will see, such models allow …

We consider the bifurcations occurring in a two-dimensional piecewise-linear discontinuous
map that describes the dynamics of a cobweb model in which firms rely on a regime …

This paper develops a unified analysis of the impacts of production delays on aggregate
price fluctuations in a continuous-time cobweb-type model. We find that the time …

This paper proposes a simple, stylized two-good, two-market dynamical cobweb model.
Consumers and producers are located in two countries, where they can choose to consume …

We first present a brief review of nonlinear asset-pricing models and contributions in which
such models have been used as benchmarks to evaluate the effectiveness of a number of …

The paper studies an oligopoly game, where firms can choose between price-taking and
price-making strategies. On a mixed market price takers are always better off than price …