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Preferable disequilibrium in a nonlinear cobweb economy

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Publication:1808167
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DOI10.1023/A:1018963204380zbMath0947.37019MaRDI QIDQ1808167

Akito Matsumoto

Publication date: 2 December 1999

Published in: Annals of Operations Research (Search for Journal in Brave)


zbMATH Keywords

profitmarket dynamicsergodic chaospiecewise-linear dynamics


Mathematics Subject Classification ID

Ergodic theorems, spectral theory, Markov operators (37A30) General equilibrium theory (91B50) Strange attractors, chaotic dynamics of systems with hyperbolic behavior (37D45) Dynamical systems involving maps of the interval (37E05)


Related Items (8)

Misperception-driven chaos: theory and policy implications ⋮ Dynamical regimes due to technological change in a microeconomical model of production ⋮ Dynamic analysis of the game between land supply and housing prices ⋮ Coupled Chaotic Systems and Extreme Ecologic-Economic Outcomes ⋮ On Dynamics of a Three-Country Kaldorian Model of Business Cycles with Fixed Exchange Rates ⋮ Positive welfare effects of trade barriers in a dynamic partial equilibrium model ⋮ Complex dynamics in a nonlinear cobweb model for real estate market ⋮ Effect of price elasticity of demand in monopolies with gradient adjustment




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