Edited by Claude Ménard and Elodie Bertrand
Chapter 5: Revisiting Coase on anticipations and the cobweb model
5 Revisiting Coase on anticipations and the cobweb model George W. Evans and Roger Guesnerie 1. INTRODUCTION Ronald Coase wrote four articles on the cobweb model, or more specifically on the so-called pig cycle. The focus was on practical policy:...
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