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Stability analysis of an implicitly defined labor market model

Mendes, Diana A.; Mendes, Vivaldo M. - In: Physica A: Statistical Mechanics and its Applications 387 (2008) 15, pp. 3921-3930

Until very recently, the pervasive existence of models exhibiting well-defined backward dynamics but ill-defined forward dynamics in economics and finance has apparently posed no serious obstacles to the analysis of their dynamics and stability, despite the problems that may arise from possible...

Persistent link: https://www.econbiz.de/10011058211

Etude de la dynamique non-linéaire des rentabilités de la bourse de Casablanca

RIANE, Nizare - Volkswirtschaftliche Fakultät, … - 2014

The preponderance of the linear approach in the stock market modeling is the result of the Frisch-Slutsky paradigm which implies that the market can only converge to an equilibrium point or diverge, according to a monotonic or oscillatory trajectory. Moreover, this description of reality is...

Persistent link: https://www.econbiz.de/10011156979

Transients in a time-dependent logistic map

Leonel, Edson D; Kamphorst Leal da Silva, J; Oliffson … - In: Physica A: Statistical Mechanics and its Applications 295 (2001) 1, pp. 280-284

We study the one-dimensional logistic map with parametric perturbation. Using a small periodic function as the perturbation, new attractors may appear. Beside these new attractors, complex attractors exist and are responsible for transients in many trajectories. We observe that each one of these...

Persistent link: https://www.econbiz.de/10010591466

Spatial economic self-organization with periodic and quasiperiodic dynamics

Heikkinen, Tiina - In: Review of Regional Research 29 (2009) 2, pp. 161-183

The formation of regions through spatial self-organization is a key issue in spatial economics. The standard approach to the modelling of space in regional science has been to assume that space can be modelled as a one-dimensional system, often locations arrayed on a circle. This paper studies...

Persistent link: https://www.econbiz.de/10010994675

Asset price and wealth dynamics with heterogeneous expectations : a deterministic nonlinear structural model approach

Florian Heitger - 2010

Based on a classical financial market model different model variants known from the literature are discussed and analyzed, each focussing on modeling financial markets as a nonlinear dynamic system by introducing the formation of (heterogeneous) beliefs about future asset prices into the model...

Persistent link: https://www.econbiz.de/10009428980

Is there Chaos on the German Labor Market? / Ist der deutsche Arbeitsmarkt chaotisch?

Neugart, Michael - In: Jahrbücher für Nationalökonomie und Statistik 218 (1999) 5-6, pp. 658-673

core to German labor market dynamics. Chaos does not occur. …

Persistent link: https://www.econbiz.de/10014608718

Random walks and non-linear paths in macroeconomic time series : some evidence and implications

Bevilacqua, Franco; Zon, Adriaan van - Institut für Volkswirtschaftstheorie und -politik <Wien> - 2001

This paper investigates whether the inherent non-stationarity of macroeconomic time series is entirely due to a random walk or also to non-linear components. Applying the numerical tools of the analysis of dynamical systems to long time series for the US, we reject the hypothesis that these...

Persistent link: https://www.econbiz.de/10005841587

Public and Private Expenditures on Health in a GrowthModel

Bhattacharya, Joydeep; Qiao, Xue - Iowa State University of Science and Technology <Ames, … - 2005

This paper introduces endogenous longevity risk in an otherwisestandard overlapping generations model with capital. In the model, an agent mayincrease the length of her old age by incurring investments in her own health fundedfrom her wage income. Such private health investments are more...

Persistent link: https://www.econbiz.de/10009360886

Controlling Complexity in Spatial Modelling

Paelinck, Jean - 2000

The present complexity approach is based on two assumptions: A1: measurability of deviations of outcomes with respect to reference values; A2 : extension of A1 to multi-set analysis. Complexity is then defined in terms of multi-set deviation compared to single-set ones; an interpretation is...

Persistent link: https://www.econbiz.de/10010315050

Chaos Theory: Implications for Supply Chain Management.

Wilding, Richard D. - 1998

significantly reduce uncertainty through traditional approaches may in part be explained by chaos theory. This paper defines … deterministic chaos and demonstrates that supply chains can display some of the key characteristics of chaotic systems, namely …: chaos exhibits sensitivity to initial conditions; it has Islands of Stability; generates patterns; invalidates the …

Persistent link: https://www.econbiz.de/10009463190