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Com- plex dynamics 1 Environmental-growth models Sustainability 1
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Zhang, Junxi 1
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Environmental sustainability, nonlinear dynamics and chaos
Zhang, Junxi - In: Economic Theory 14 (1999) 2, pp. 489-500
This paper studies the possibility of nonlinear dynamics in a simple overlapping generations model with the environment - the John-Pecchenino (1994) model. We show that if people's concerns towards greener preferences and the maintenance efficiency relative to degradation are not sufficiently...
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