This paper analyzes the stability of the (Pareto efficient) nonsunspot equilibria as a function of the constraints …

with bounded rationality. Chaos, Solitons and Fractals 39, 2048–2055), by introducing sound microeconomic foundations. We … study how an increase in the relative degree of product differentiation affects the stability of the unique positive … on initial conditions and Lyapunov exponents), we find that a “quasi-periodic” route to chaos and a large gamma of …

periodicity and deterministic chaos can also occur as the managers’ bonus increases. …

with bounded rationality. Chaos, Solitons and Fractals 39, 2048–2055), by introducing sound microeconomic foundations. We … study how an increase in the relative degree of product differentiation affects the stability of the unique positive … on initial conditions and Lyapunov exponents), we find that a “quasi-periodic” route to chaos and a large gamma of …

heterogeneous and homogeneous banks). Moreover, it is shown that 1) when the capital standard is reduced the market stability is … lost through a flip bifurcation and subsequently a cascade of flip bifurcations may lead to periodic cycles and chaos; 2 …) when the expectations are heterogeneous even the case of multi-stability may be present. …