Martin Zumpe

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  • Murat Yıldızoğlu, Marc-Alexandre Sénégas, Isabelle Salle, Martin Zumpe
  • 2012
This article questions the rather pessimistic conclusions of Allen and Carroll (2001) about the ability of consumers to learn the optimal buffer-stock based consumption rule. To this aim, we develop an agent based model where alternative learning schemes can be compared in terms of the consumption behaviour that they yield. We show that neither purely(More)
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