Onozaki, Tamotsu; Yanagita, Tatsuo; Kaizoji, Taisei; … - In: Physica A: Statistical Mechanics and its Applications 383 (2007) 1, pp. 102-107
This paper provides an example in which regional business cycles may synchronize via producers’ expectations, even though there is no interregional trade, by means of a system of globally coupled, noninvertible maps. We concentrate on the dependence of the dynamics on a parameter η which...