کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5099419 | 1377006 | 2008 | 17 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Chaotic equilibria in models with backward dynamics
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کلمات کلیدی
موضوعات مرتبط
مهندسی و علوم پایه
ریاضیات
کنترل و بهینه سازی
پیش نمایش صفحه اول مقاله
چکیده انگلیسی
Some economic models like the cash-in-advance model of money or overlapping generations model have the property that the dynamical system characterizing equilibria in the model are multi-valued going forward in time, but single-valued going backward in time, i.e., the model or dynamical system has backward dynamics. In such instances, what does it mean for a dynamical system (set-valued) to be chaotic? Furthermore, under what conditions are such dynamical systems chaotic? In this paper, we provide a definition of chaos that is in the spirit of Devaney for a dynamical system with backward dynamics. We utilize the theory of inverse limits to provide necessary and sufficient conditions for such a dynamical system to be chaotic.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Dynamics and Control - Volume 32, Issue 3, March 2008, Pages 939-955
Journal: Journal of Economic Dynamics and Control - Volume 32, Issue 3, March 2008, Pages 939-955
نویسندگان
Judy A. Kennedy, David R. Stockman,