Ergodic chaos in optimal growth models with low discount rates

DOI10.1007/BF01212026zbMath0824.90032OpenAlexW4234784185MaRDI QIDQ1341523

Makoto Yano, Gerhard Sorger, Kazuo Nishimura

Publication date: 5 January 1995

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/bf01212026

zbMATH Keywords

optimal policy functionsergodic chaosstrictly concave discrete-time optimal growth models

Mathematics Subject Classification ID

Economic growth models (91B62) Strange attractors, chaotic dynamics of systems with hyperbolic behavior (37D45)

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