Article ID Journal Published Year Pages File Type
4660666 Topology and its Applications 2006 13 Pages PDF
Abstract

In this paper we use tools from topology and dynamical systems to analyze the structure of solutions to implicitly defined equations that arise in economic theory, specifically in the study of so-called “backward dynamics”. For this purpose we use inverse limit spaces and shift homeomorphisms to describe solutions which are typical in that they are likely to be observed in future time. These predicted solutions corresponds to attractors in an inverse limit space under the shift homeomorphism(s).

Related Topics
Physical Sciences and Engineering Mathematics Geometry and Topology