Showing 1 - 3 of 3
In Braess paradox adding an extra resource, and therefore an extra available choice, enriches the complexity of the game from a dynamic perspective. The analysis of the cycles and the bifurcations helps to visualize how this complexity changes, in a quite new way with respect to what is provided...
Persistent link: https://www.econbiz.de/10010869877
We study the dynamics of a one-dimensional piecewise smooth map defined by constant and logistic functions. This map has qualitatively the same dynamics as the one defined by constant and unimodal functions, coming from an economic application. Namely, it contributes to the investigation of a...
Persistent link: https://www.econbiz.de/10010870297
An attracting periodic, quasiperiodic or chaotic set of a smooth, autonomous system may be referred to as a “hidden attractor” if its basin of attraction does not overlap with the neighborhood of an unstable equilibrium point. Historically, this condition has implied that the basin of...
Persistent link: https://www.econbiz.de/10011117181