Autor: Miranda Zanetti Maximiliano Gabriel, Tohmé Fernando Abel
Institución: UNS
Año: 2025
JEL: C61, D84
Resumen:
Competitive markets tend to reach equilibrium through adjustments in demand and supply price and quantities. Under uncertainty in market conditions, agents typically hold (or are forced to assume) certain expectations of future prices, based on past information, that contribute to justify production choices. Expectation modeling alternatives include a set of choices. In this paper, we revisit the formal structure of extrapolative expectations. Under standard dynamic systems theory, we explore the solution and possible trajectories. We contribute to the complete analysis of certain critical case in an extension to this work. Further analysis will tackle the translation of this result to other trajectories.