Periodic and chaotic programs of optimal intertemporal allocation in an aggregative model with wealth effects
type: Item
instance of: scholarly article
title: Periodic and chaotic programs of optimal intertemporal allocation in an aggregative model with wealth effects
zbMATH Open document ID: 0829.90028
DOI: 10.1007/BF01212023
author: Tapan Mitra
author: Mukul Majumdar
published in: Economic Theory
publication date: 1996-01-17T00:00:00Z
review text: Let \(E= F\times W\times \Delta\) be the set of economies where \(F\) is the set of production functions defined on \(R_+\). \(W\) is the set of welfare functions defined on \(R^2_+\), and \(\Delta= (0, 1)\) is the set of discount factors. The main results of this article are as follows. There exist an economy \(e\in E\) the dynamical system of which produced ergodic chaos and there exists an open set \(E'\subset E\) such that for each \(e\in E'\) the corresponding dynamical system produced topological chaos.
Mathematics Subject Classification ID: 91B62
Mathematics Subject Classification ID: 37N99
Mathematics Subject Classification ID: 37D45
zbMATH DE Number: 707371
zbMATH Keywords: ergodic chaos
zbMATH Keywords: topological chaos
reviewed by: Georgiĭ Anatol'evich Sviridyuk
MaRDI profile type: Publication
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full work available at URL: https://doi.org/10.1007/bf01212023
OpenAlex ID: W4245336590
description: scientific article; zbMATH DE number 707371