The bull and bear market model of Huang and Day: some extensions and new results

DOI10.1016/J.JEDC.2013.06.005zbMath1402.91152OpenAlexW2144519717MaRDI QIDQ1994165

Fabio Tramontana, Laura Gardini, Frank H. Westerhoff

Publication date: 1 November 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/10419/67384

zbMATH Keywords

border collision bifurcationspiecewise-linear mapsheterogeneous interacting agentsbull and bear market dynamics

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Economic dynamics (91B55)

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Cites Work

• The heterogeneous expectations hypothesis: Some evidence from the lab
• Heterogeneous speculators and asset price dynamics: Further results from a one-dimensional discontinuous piecewise-linear map
• One-dimensional maps with two discontinuity points and three linear branches: mathematical lessons for understanding the dynamics of financial markets
• Financial crises and interacting heterogeneous agents
• On the unstable behaviour of stock exchanges
• Heterogeneous beliefs and routes to chaos in a simple asset pricing model
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• Bifurcations of Chaotic Attractors in One-Dimensional Piecewise Smooth Maps
• BORDER-COLLISION BIFURCATIONS IN 1D PIECEWISE-LINEAR MAPS AND LEONOV'S APPROACH
• CALCULATION OF BIFURCATION CURVES BY MAP REPLACEMENT
• BORDER COLLISION BIFURCATIONS IN 1D PWL MAP WITH ONE DISCONTINUITY AND NEGATIVE JUMP: USE OF THE FIRST RETURN MAP
• One-Dimensional Discontinuous Piecewise-Linear Maps and the Dynamics of Financial Markets
• Chaotic Behavior in Piecewise Continuous Difference Equations
• A Rational Route to Randomness
• DEGENERATE BIFURCATIONS AND BORDER COLLISIONS IN PIECEWISE SMOOTH 1D AND 2D MAPS
• Complex Dynamics, Market Mediation and Stock Price Behavior

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