This paper develops a one-sector productive overlapping generations model with environment where a CES technology is assumed. Relying on numerical and geometrical approaches, various dynamic properties of the proposed model are explored: the existence of the phenomenon of multistability or the coexistence of different attractors was demonstrated. Finally, we describe a nontypical global bifurcation which determines the appearance of an attracting cycle.
Multiple Attractors and Nonlinear Dynamics in an Overlapping Generations Model with Environment / Sodini, Mauro; Naimzada, A.. - In: DISCRETE DYNAMICS IN NATURE AND SOCIETY. - ISSN 1026-0226. - vol. 2010:(2010), pp. 1-11. [10.1155/2010/503695]
Multiple Attractors and Nonlinear Dynamics in an Overlapping Generations Model with Environment
SODINI, MAURO;
2010
Abstract
This paper develops a one-sector productive overlapping generations model with environment where a CES technology is assumed. Relying on numerical and geometrical approaches, various dynamic properties of the proposed model are explored: the existence of the phenomenon of multistability or the coexistence of different attractors was demonstrated. Finally, we describe a nontypical global bifurcation which determines the appearance of an attracting cycle.| File | Dimensione | Formato | |
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