Chaotic solutions in infinite-time horizon linear programming and economic dynamics (Q4936388)

In their previous papers [Econometrica 63, 981-1001 (1995; Zbl 0840.90037)] and [Chaos Solitons Fractals 7, 1941-1953 (1996)] the authors demonstrate that chaos may emerge as a solution to a dynamic linear programming problem and found out the possibility of chaotic optimal accumulation in a two-sector model of optimal capital accumulation. The question is whether or not chaotic optimal solutions can appear in a model in which future returns are discounted reasonably weakly. The linear economic framework of the authors has been useful for providing positive answers to this question by revealing that chaotic solutions may appear even if future returns are discounted arbitrarily weakly. In this article the authors survey the properties that are known in that framework and to present some questions that are unsolved. For the entire collection see [Zbl 0909.00060].