1 Correction to: J Econ Interact Coord https://doi.org/10.1007/s11403-018-0220-0

In the printed version of the article, the conditions for the derivatives of Eq. (5) in Sect. 3.2 contained several misprints. The correct version reads as follows:

$$ Y_{t} = \eta \left( {\phi_{t} .\chi_{t} } \right)\left( {\xi \, K_{2} \left( {\xi ,\eta ,\phi_{t} .V_{t} } \right)V_{t} + (1 - \xi )K_{1} \left( {\xi ,\eta ,\phi_{t} .\chi_{t} } \right)\chi_{t} } \right) - \eta \left( {\phi_{t} } \right) $$
(5)

so that the derivatives satisfy the following conditions: \( (\xi K_{2} )_{1} > 0,\;((1 - \xi )K_{1} )_{1} < 0,\;(\xi K_{2} )_{1,1} < 0,\;((1 - \xi )K_{1} )_{1,1} < 0,\;(K_{i} )_{3} > 0,\;(K_{i} )_{3,3} < 0 \) for i  = 1, 2.”