Browsing Biltoki by Author "Schinkel, Maarten-Pieter"
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Bayesian learning in mis-specified models
Schinkel, Maarten-Pieter; Tuinstra, Jan; Vermeulen, Dries (2000-02)A central unanswered question in economic theory is that of price formation in disequilibrium. This paper lays down the methodological groundwork for a model that has been suggested as an answer to this question (Arrow, ...