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In this paper, we look for the relevance of chaos in the well-known Hicks-Samuelson's oscillator model investigating …. We compute the Lyapunov exponent, via Monte-Carlo simulations, to detect chaos in the evolution of the income between …
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When a system becomes unstable or noise becomes excessive, often regulations of the form of limiters (barriers obstructing excursion into undesired areas of the phase space) are imposed. It is hoped that by the influence of this element, the system can be calmed and its behaviour can be...
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deterministic chaos. …
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Orlando and Zimatore (Chaos, Solitons Fractals 110:82–94, 2018). Thus, after having devised a suitable model for business …
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After having illustrated in Chap. 13 the Harrod’s model and a chaotic specification of it, in this Chapter we are going to prove that (1) real data could be obtained by a suitable calibration of model’s parameters, (2) the calibrated model confirms theoretical predictions (Orlando and Della...
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