Search Results - subject:"Local stability"

A SHORT SURVEY ON CHAOTIC DYNAMICS IN SOLOW-TYPE GROWTH MODELS

PALMISANI, Cesare - In: Journal of Applied Economic Sciences 3 (2008) 3(5)_Fall2008, pp. 270-280

In this paper we review some Solow-type growth models, framed is discrete time, which are able to generate complex dynamic behaviour. For these models ï¿½ put forward by Day (1982, 1983); Bï¿½hm and Kaas (2000); and Commendatore (2005) ï¿½ we show that crucial features which could...

Persistent link: https://www.econbiz.de/10005687844

ENDOGENOUS EQUILIBRIUM GROWTH WITH RECURSIVE PREFERENCES AND INCREASING RETURNS

Park, Hyun - In: Journal of Economic Development 33 (2008) 2, pp. 167-188

uniqueness and local stability of the steady state in the competitive economy. The condition implies determinacy of transitional …

Persistent link: https://www.econbiz.de/10009351252

Endogenous Growth, Price Stability and Market Disequilibria

Gomes, Orlando - Unidade de Investigação em Desenvolvimento … - 2008

Resorting to an endogenous growth framework, the paper studies the implications of taking market clearing as a long term possibility rather than an every period implicit assumption, as is conventional in growth analysis. Under the proposed setup, the system may converge to a market equilibrium...

Persistent link: https://www.econbiz.de/10010835368

Optimal Control of Locusts in Subsistence Farming Areas

Levy, Amnon; Caputo, Michael - School of Accounting, Economics, and Finance, … - 2007

other ostensibly anomalous steady state comparative statics results. Keywords: Optimal control, local stability, steady … qualitative properties of the so- lution to problem (1). 3. Necessary Conditions and Local Stability of the Steady State We …- tion (6) does indeed hold along the optimal soluti In order to determine the local stability of the steady state and draw …

Persistent link: https://www.econbiz.de/10005730539

Efficiency and Consistency for Locating Multiple Public Facilities

Ju, Biung-Ghi - Institute of Economic Research, Korea University - 2007

In the problem of locating multiple public facilities studied by Barbera and Bevia [2, 3], we offer simple necessary and sufficient conditions for efficiency, decentralizability of efficient decisions in a game of community division and local public goods provision, and a constructive algorithm...

Persistent link: https://www.econbiz.de/10005616524

Time-delay effects on dynamics of a two-actor conflict model

Rojas-Pacheco, A.; Obregón-Quintana, B.; Liebovitch, L.S. - In: Physica A: Statistical Mechanics and its Applications 392 (2013) 3, pp. 458-467

We present a study of time-delay effects on a two-actor conflict model based on nonlinear differential equations. The state of each actor depends on its own state in isolation, its previous state, its inertia to change, the positive or negative feedback and a time delay in the state of the other...

Persistent link: https://www.econbiz.de/10011059494

Efficiency and Consistency for Locating Multiple Public Facilities

Ju, Biung-Ghi - Department of Economics, University of Kansas - 2005

In the problem of locating multiple public facilities studied by Barbera and Bevia (2002), we offer simple necessary and sufficient conditions for effciency, decentralizability of efficient decisions in a game of community division and local public goods provision, and a constructive algorithm...

Persistent link: https://www.econbiz.de/10005115539

Bifurcation, Chaos and Attractor in the Logistic Competition

Małgorzata, Guzowska - In: Folia Oeconomica Stetinensia 10 (2012) 2, pp. 7-18

This paper deals with a two-dimensional discrete time competition model. The corresponding twodimensional iterative map is represented in terms of its bifurcation diagram in the parameter plane. A number of bifurcation sequences for attractors and their basins are studied.

Persistent link: https://www.econbiz.de/10011008125

Intertemporal Preferences, Distributive Shares, and Local Dynamics

Guerrazzi, Marco - Dipartimento di Economia e Management, Università … - 2004

). Using a Cobb-Douglas specification for the utility and the production functions, we demonstrate that the local stability of … local stability might be related to consumption smoothing considerations. …

Persistent link: https://www.econbiz.de/10005769620

Dynamic properties in an endoreversible Curzon–Ahlborn engine using a van der Waals gas as working substance

Páez-Hernández, R.; Ladino-Luna, D.; Portillo-Díaz, P. - In: Physica A: Statistical Mechanics and its Applications 390 (2011) 20, pp. 3275-3282

substance and the corresponding efficiency for such an engine. From the local stability analysis we find that a critical point … phase portrait. Finally we discuss the local stability and steady state energetic properties of the endoreversible engine. …

Persistent link: https://www.econbiz.de/10011061056