@article{Ng:244545,
      recid = {244545},
      author = {Ng, Desmond and Chen, Liming},
      title = {Learning to Learn: A Case for the Heterogeneous  Expectations Hypothesis in Industrialized Markets},
      journal = {International Journal on Food System Dynamics},
      address = {2016-06},
      number = {1012-2016-81283},
      pages = {17},
      year = {2016},
      abstract = {A cobweb model is developed where the heterogeneous  expectation hypothesis is examined. An agent’s  heterogeneous expectation involves the development of a  “higher ordered learning” process in which agents over time  develop expectations that are consistent with rational  expectations. In addition, as cob web models are production  based systems, an agents’ heterogeneous expectations are  influenced by a specialization of activities. The case of  the industrialization of the U.S. hog-pork industry is used  to illustrate the influence of these features on the  equilibrium and non-equilibrium properties of a modified  cob-web model.},
      url = {http://ageconsearch.umn.edu/record/244545},
      doi = {https://doi.org/10.22004/ag.econ.244545},
}