2014 ,№3

Microeconomic modeling self-development of economic systems

20.09.201426 октября, 2023Без комментариев


Various mechanisms for the formation of expectations of economic agents are considered. The formation of expectations based on adaptive learning is considered as one of the mechanisms for continual self- expectations of economic agents at the microeconomic level. Self-development of this process determines the evolution of the economic system. Within the neoclassical model studied this self-development as a process of convergence of expectations with bounded rationality to rational expectations equilibrium. Shown that the key factor affecting the convergence is price flexibility.

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Leonid A.  Serkov — Cand. Sci. (Phys.-Math.), Associate Professor, Head of Department of Applied Informatics, Ural Institute of Business (Ekaterinburg, Russian Federation; e-mail: dsge2012 @ mail.ru).