suppose that locally the monopoly firm uses a gradient mechanism and looks at how the rate of growth of the quantity affects … maximizes profits, as can be seen in the classic microeconomic theory. However, complex dynamics can arise. Research limitations …

differential equations, ordinary and partial, iterated maps, and bifurcation theory. The second part focuses applications to … economics and regional science. Topics such as business cycles, oligopoly, interregional trade, and economic development theory …