Showing 1 - 10 of 34
The tomahawk bifurcation is used by Fujita et al. (1999) in a model with two regions to explain the formation of a core …-periphery urban pattern from an initial uniform distribution. Baldwin et al. (2003) show that the tomahawk bifurcation disappears when … bifurcation is the result of assumed exogenous model symmetry. We provide a general analysis in a regional model of the class of …
Persistent link: https://www.econbiz.de/10005835700
location of the bifurcation boundaries is of fundamental importance. Without knowledge of the location of such boundaries … such boundaries. If there are intersections between bifurcation boundaries and a confidence region, the resulting … structure. In initial research in this area, Barnett and Duzhak (2008) found a New Keynesian Hopf bifurcation boundary, with the …
Persistent link: https://www.econbiz.de/10005836692
’s findings are particularly important, if bifurcation boundaries cross the confidence regions surrounding parameter estimates in … policy-relevant bifurcation by searching the parameter space of the best known of the Euler equations macroeconometric models … some circles has moved to New Keynesian models. As a result, in this paper we explore bifurcation within the class of New …
Persistent link: https://www.econbiz.de/10005837359
This paper shows that the evolutionary process of spatial agglomeration in multi-regional core-periphery models can be explained analytically by a much simpler method than the continuous space approach of Krugman (1996). The proposed method overcomes the limitations of Turing's approach which...
Persistent link: https://www.econbiz.de/10008541502
We provide an analytical approach that facilitates understanding the bifurcation mechanism of a wide class of economic … previously unknown properties of the CP model, and notably, the occurrence of “spatial period doubling bifurcation” in the CP …
Persistent link: https://www.econbiz.de/10008541511
the behavior of noise traders or by realizing the difficulties in synchronizing their actions. We then end by discussing a … bifurcation (or phase transition) that rationalize what crash can occur in unstable market regimes. The key insight is that …
Persistent link: https://www.econbiz.de/10004976970
The orientation and progress of spatial agglomeration for Krugman's core--periphery model are investigated in this paper. Possible agglomeration patterns for a system of cities spread uniformly on a circle are set forth theoretically. For example, a possible and most likely course predicted for...
Persistent link: https://www.econbiz.de/10008685156
Jean Gebser (1905-1973) was a multidisciplinary thinker whose ideas about human consciousness and the future inspire the following five vantage points for the heterodox critique of contemporary economic anthropology: (1) Characteristic attributes of consciousness and those of the environment...
Persistent link: https://www.econbiz.de/10008695074
The present study considers a unionised duopoly with the two most popular labour market institutions, i.e. efficient bargaining (EB) and right to manage (RTM) unions and analyses product market stability under quantity competition. By focusing on the role played by labour market institutions on...
Persistent link: https://www.econbiz.de/10009360279
This paper analyses the dynamics of a Cournot duopoly under cross-ownership participation when players have heterogeneous, i.e. bounded rational and naïve, expectations. We find that when the shareholder that owns firm also holds a percentage of firm , the parametric stability region of the...
Persistent link: https://www.econbiz.de/10009367980