Browsing by Subject "Search, learning, and information"

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Are Stationary Hyperinflation Paths Learnable?

Adam, Klaus; Evans, George W., 1949-; Honkapohja, Seppo, 1951- (University of Oregon, Dept of Economics, 2003-03-17)

Earlier studies of the seigniorage inflation model have found that the high-inflation steady state is not stable under adaptive learning. We reconsider this issue and analyze the full set of solutions for the linearized ...
Consumer and competitor reactions: Evidence from a retail-gasoline field experiment

Barron, John M.; Umbeck, John R., 1945-; Waddell, Glen R. (University of Oregon, Dept of Economics, 2003-09)

The standard differentiated-product model with Nash-equilibrium price setting suggests that the density of sellers in a market can affect both a seller’s price elasticity of demand and a competitor’s reaction to a price ...
Monetary policy, indeterminacy and learning

Evans, George W., 1949-; McGough, Bruce (University of Oregon, Dept. of Economics, 2003-10-11)

The development of tractable forward looking models of monetary policy has lead to an explosion of research on the implications of adopting Taylor-type interest rate rules. Indeterminacies have been found to arise for some ...