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We consider a discrete-delay time, Kaldor non-linear business cycle model in income and capital. Given an investment function, resembling the one discussed by Rodano, we use the linear approximation analysis to state the local stability property and local bifurcations, in the parameter space....
Persistent link: https://www.econbiz.de/10005626816
In this paper we investigate the economic dynamics of a seven-equation model of the business cycle. The main distinctive features of the model are related to: (a) the role played by the public sector in redeploying income between workers and capitalists, since it is assumed that the bargaining...
Persistent link: https://www.econbiz.de/10010930948
This paper discusses the emergence of endogenous redistributive cycles in a stochastic growth model with incomplete asset markets and heterogeneous agents, where agents vote on the degree of progressivity in the tax-transfer-scheme. The model draws from Bénabou (1996) and ties the bias in the...
Persistent link: https://www.econbiz.de/10005526865
This paper demonstrates the diverse dynamical possibilities arising out of a simple macroeconomic model of debt-financed investment-led growth in the presence of interest rate rules. We show possibilities of convergence to steady state, growth cycles around it as well as various complex...
Persistent link: https://www.econbiz.de/10011108256
This paper demonstrates the diverse dynamical possibilities of a simple macroeconomic model of debt-financed investment-led growth in the presence of interest rate rules. We show possibilities of convergence to steady state, growth cycles around it as well as various complex dynamics from codim...
Persistent link: https://www.econbiz.de/10011108609
A two dimensional two-delays differential system modeling the dynamics of stem-like cells and white-blood cells in Chronic Myelogenous Leukemia under treatment is considered. Stability of equilibria is investigated and emergence of periodic solutions of limit cycle type, as a result of a Hopf...
Persistent link: https://www.econbiz.de/10011264181
In mammals, the circadian clock is driven by multiple integrated transcriptional feedback loops involving three kinds of central clock-controlled elements (CCEs): E-boxes, D-boxes and ROR-elements. With the aid of CCEs, the concentrations of the active proteins are approximated by the delayed...
Persistent link: https://www.econbiz.de/10011264530
We consider optimal fishery management under the assumption of increasing returns that is supported by previous empirical evidence. We improve the tractability and realism of the previous approaches by introducing flow adjustment costs on changes in harves rate. Our framework is the first to...
Persistent link: https://www.econbiz.de/10011090940
Two time delays are assumed in a boundedly rational monopoly. The characteristic equation is derived for the general case, and a complete stability analysis is conducted both analytically and numerically in two special cases. In the first case, wherein the continuously distributed time delays...
Persistent link: https://www.econbiz.de/10011117186
We present a model of optimal stock pollution control with general distributed delays in the stock accumulation dynamics. Using generic functional forms and a distribution structure covering a wide range of distributions, we solve analytically the complex dynamic system that arises from the...
Persistent link: https://www.econbiz.de/10011118012