Quarterly Journal of Economics Vol. 72 No. 2 1958

Adaptive Expectations and Cobweb Phenomena

Marc Nerlove

Agricultural Marketing Service

Abstract

I. Introduction, 227. — II. Akerman's argument, 229. — III. Reformulation in terms of adaptive expectations, 230. — IV. An alternative but equivalent formulation, 233. — V. Some empirical results, 236. — VI. More complicated models, 238. — VII. Conclusions, 240.

DOI

10.2307/1880597

Volume

72

Issue

2

Pages

227

Sources

openalex crossref