It is well known that if there are mild sector-specific externalities, then the steady state of the standard two-sector real business cycle model can become locally indeterminate and endogenous business cycles can arise. We show that this result is not robust to the introduction of standard...

We investigate in details a Trejos-Wright random matching model of money with a consumer take-it-or-leave-it offer and the individual money holding set {0,1,2}. First we show generic existence of three kinds of steady states: (1) pure-strategy full-support steady states, (2) mixed-strategy...

We investigate in details a Trejos-Wright random matching model of money with a consumer take-it-or-leave-it offer and the individual money holding set {0,1,2}. First we show generic existence of three kinds of steady states: (1) pure-strategy full-support steady states, (2) mixed-strategy...

The aim of the paper is to analyze the dynamic model of the Cournot duopoly game with bounded rationality associated to two firms. We consider the cost function of the first firm as nonlinear and for the second firm as linear. The players do not have a complete knowledge of the market and they...

This paper investigates a Trejos-Wright random matching model of money with a consumer take-it-or-leave-it offer and with individual money holdings in the set {0, 1, 2}. It is shown that three kinds of monetary steady state exist generically: (1) pure-strategy full-support steady states, (2)...

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...

In this work we analyze the stability of an endoreversible Curzon–Ahlborn engine, using a van der Waals gas as working substance and the corresponding efficiency for such an engine. From the local stability analysis we find that a critical point of an almost linear system is stable. After...

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.

It is well known that if there are mild sector-specific externalities, then the steady state of the standard two-sector real business cycle model can become indeterminate and endogenous business cycles can arise. We show that this result is not robust to the introduction of standard...