Multiple attractors and nonlinear dynamics in an overlapping generations model with environment (Q1958768)
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scientific article; zbMATH DE number 5793495
| Language | Label | Description | Also known as |
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| English | Multiple attractors and nonlinear dynamics in an overlapping generations model with environment |
scientific article; zbMATH DE number 5793495 |
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Multiple attractors and nonlinear dynamics in an overlapping generations model with environment (English)
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29 September 2010
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Summary: 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.
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overlapping generations
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global bifurcation
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coexistence of attractors
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