Akhmet, Marat; Akhmetova, Zhanar; Fen, Mehmet Onur - In: Journal of Economic Behavior & Organization 106 (2014) C, pp. 95-108
We investigate the generation of chaos in economic models through exogenous shocks. The perturbation is formulated as a pulse function where either values or instants of discontinuity are chaotically behaved. We provide a rigorous proof of the existence of chaos in the perturbed model. The...