Multiple attractors and nonlinear dynamics in an overlapping generations model with environment

DOI10.1155/2010/503695MaRDI QIDQ1958768zbMATH OpenOpenAlexWikidataFDO

Authors M. Sodini, Ahmad K. Naimzada

Publication date 29 September 2010

Published in Discrete Dynamics in Nature and Society (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1155/2010/503695

zbMATH Keywords

coexistence of attractorsglobal bifurcationoverlapping generations

Mathematics Subject Classification ID

Strange attractors, chaotic dynamics of systems with hyperbolic behavior (37D45) Bifurcations of limit cycles and periodic orbits in dynamical systems (37G15)

Review text

Summary: This paper develops a one-sector productive overlapping generations model with environment where a CES technology is assumed. Relying on numerical and geometrical approaches, various dynamic properties of the proposed model are explored: the existence of the phenomenon of multistability or the coexistence of different attractors was demonstrated. Finally, we describe a nontypical global bifurcation which determines the appearance of an attracting cycle.

Recommendations

• Multiple attractors and dynamics in an OLG model with productive environment
• Bifurcations and chaotic attractors in an overlapping generations model with negative environmental externalities
• Nonlinear dynamics and global indeterminacy in an overlapping generations model with environmental resources
• Environmental sustainability, nonlinear dynamics and chaos
• Indeterminacy, bifurcations and chaos in an overlapping generations model with negative environmental externalities

Cites work

• Bifurcations and chaotic attractors in an overlapping generations model with negative environmental externalities
• Environmental sustainability, nonlinear dynamics and chaos
• scientific article; zbMATH DE number 2164292 (Why is no real title available?)
• Indeterminacy, bifurcations and chaos in an overlapping generations model with negative environmental externalities
• Optimal tax schemes and the environmental externality
• Public and private expenditures on health in a growth model
• Sustainable growth, renewable resources and pollution: Thresholds and cycles

Cited in

(10)

• Some reflections on past and future of nonlinear dynamics in economics and finance
• A simple model of growth cycles with technology choice
• Overlapping generations and environmental control
• Chaotic dynamics in a two-dimensional overlapping generations model.
• Environmental sustainability, nonlinear dynamics and chaos reloaded: 0 matters!
• Nonlinear dynamics and global indeterminacy in an overlapping generations model with environmental resources
• Multiple attractors and dynamics in an OLG model with productive environment
• Bifurcations and chaotic attractors in an overlapping generations model with negative environmental externalities
• Local Bifurcation Theory Applied to OLG Models
• Stability and nonlinear dynamics in a Solow model with pollution

This page was built for publication: Multiple attractors and nonlinear dynamics in an overlapping generations model with environment

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1958768)