Concepedia

Cobweb Model

The Cobweb Model is a dynamic economic model that explains cyclical price and quantity fluctuations in markets with supply lags and adaptive expectations, where producers base current production decisions on expected prices derived from past observations, leading to oscillatory convergence or divergence toward equilibrium.

143

Publications

8.6K

Citations

263

Authors

169

Institutions

Publications per year

2017–2026

21

Variants

Cobweb Theorem

Parents

Publications

143

A Rational Route to Randomness

William A. Brock, Cars Hommes · Econometrica · 1997 · 1.8K citations

, , +16

Adaptive Expectations and Cobweb Phenomena

Marc Nerlove · The Quarterly Journal of Economics · 1958 · 653 citations

, , +5

Genetic algorithm learning and the cobweb model

Jasmina Arifovic · Journal of Economic Dynamics and Control · 1994 · 470 citations

, , +9

The Cobweb Theorem

Mordecai Ezekiel · The Quarterly Journal of Economics · 1938 · 454 citations

, , +3

Dynamics of the cobweb model with adaptive expectations and nonlinear supply and demand

Cars Hommes · Journal of Economic Behavior & Organization · 1994 · 209 citations · Full text

, , +9

1–5 of 143

Authors

263

  1. CH
    Cars Hommes

    University of Amsterdam, Netherlands

    9 publications · 2.5K citations

    9

    h-index

  2. ZT
    Zhi‐Zhong Tan

    Nantong University, China

    4 publications · 198 citations

    4

    h-index

  3. MD
    Maciej Dziemiańczuk

    University of Gdańsk, Poland

    4 publications · 53 citations

    4

    h-index

  4. MS
    Mauro Sodini

    University of Pisa, Italy

    3 publications · 62 citations

    3

    h-index

  5. HV
    Henk van de Velden

    University of Amsterdam, Netherlands

    3 publications · 208 citations

    3

    h-index

1–5 of 263

Institutions

169

  1. University of Amsterdam

    Amsterdam, The Netherlands

    7 h-index

    17 publications

    1.4K citations

  2. Nantong University

    Nantong, China

    4 h-index

    8 publications

    382 citations

  3. Tianjin University

    Tianjin, China

    3 h-index

    7 publications

    218 citations

  4. Missouri University of Science and Technology

    Rolla, United States

    3 h-index

    3 publications

    100 citations

  5. University of Genoa

    Genoa, Italy

    3 h-index

    3 publications

    62 citations

  6. University of Pisa

    Pisa, Italy

    3 h-index

    3 publications

    62 citations

  7. Marche Polytechnic University

    Ancona, Italy

    3 h-index

    3 publications

    62 citations

  8. Agricultural & Applied Economics Association

    Milwaukee, United States

    2 h-index

    2 publications

    47 citations

1–8 of 169

Venues

  1. Journal of Economic Behavior & Organization

    8 publications · 636 citations

    8

    h-index

  2. American Journal of Agricultural Economics

    6 publications · 247 citations

    6

    h-index

  3. Journal of Economic Dynamics and Control

    6 publications · 695 citations

    6

    h-index

  4. Discrete Dynamics in Nature and Society

    6 publications · 117 citations

    6

    h-index

  5. Macroeconomic Dynamics

    5 publications · 195 citations

    5

    h-index

1–5