Fundamentals versus Beliefs under Almost Common Knowledge

Preprint

1 January 2000

preprint
Published by Elsevier in SSRN Electronic Journal

https://doi.org/10.2139/ssrn.223516

Abstract

Several economic growth models show that the equilibrium outcome may depend on agents' beliefs (expectations) rather than on economic fundamentals (history). In

Keywords

EQUILIBRIUM SELECTION
HISTORY VERSUS EXPECTATIONS
ECONOMIC GROWTH
COMMON KNOWLEDGE
ALMOST COMMON KNOWLEDGE
NON-CONVEX TECHNOLOGY

All Related Versions

Version 1, 2000-01-01, RePEc (Unconfirmed version)
Version 1, 2000-01-01, RePEc (Unconfirmed version)

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