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Your search for "rational expectations" over the article keywords returned 103 results.

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1. cobweb theorem

The cobweb theorem purports to explain persistent fluctuations of prices in selected agricultural markets. It was first developed in the 1930s under static ...

By B. Peter Pashigian. From The New Palgrave Dictionary of Economics, Second Edition, 2008

2. Lucas critique

The ‘Lucas critique’ is a criticism of econometric policy evaluation procedures that fail to recognize that optimal decision rules of economic agents ...

By Lars Ljungqvist. From The New Palgrave Dictionary of Economics, Second Edition, 2008

3. stocks and flows

The essence of stock–flow analyses of individual or market behaviour is an explicit recognition of the interdependence of current production, consumption ...

By Glenn W. Harrison. From The New Palgrave Dictionary of Economics, Second Edition, 2008

4. Shackle, George Lennox Sharman (1903–1992)

Shackle was born in Cambridge. Financial circumstances compelled him to take an external degree while working first as a bank clerk and then as a schoolmaster; ...

By Peter Earl. From The New Palgrave Dictionary of Economics, Second Edition, 2008

5. Muth, John F. (1930–2005)

John F. Muth, Professor of Operations Management, is known for his seminal work in rational expectations, aggregate planning and production scheduling. ...

By F. Robert Jacobs. From The New Palgrave Dictionary of Economics, Second Edition, 2008

6. large games (structural robustness)

In strategic games with many semi-anonymous players all the equilibria are structurally robust. The equilibria survive under structural alterations of ...

By Ehud Kalai. From The New Palgrave Dictionary of Economics, Second Edition, 2008

7. racial profiling

This article reviews the recent theoretical and empirical literature in economics that aims to establish empirically whether police engage in racially ...

By Petra E. Todd. From The New Palgrave Dictionary of Economics, Second Edition, 2008

8. expectations

The modelling of economic expectations is central to economics. Expectations of future economic conditions can be represented in econometric models by ...

By Robert J. Shiller. From The New Palgrave Dictionary of Economics, Second Edition, 2008

9. market period

The concept of market period was introduced by Marshall to define markets according to the time period over which they extended. It was thus an additional ...

By D.R. Helm. From The New Palgrave Dictionary of Economics, Second Edition, 2008

10. perfect foresight

Perfect foresight is an occasionally convenient theoretical assumption whose total lack of realism is undisputed, and perhaps unrivalled. There are two ...

By Margaret Bray. From The New Palgrave Dictionary of Economics, Second Edition, 2008