Ergodic chaos and aggregate stability: a deterministic discrete-choice model of wealth distribution dynamics

DOI10.1111/J.1742-7363.2013.12007.XzbMATH Open1416.91269OpenAlexW1866877638MaRDI QIDQ4583968FDOQ4583968

Takashi Kamihigashi

Publication date: 29 August 2018

Published in: International Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://www.rieb.kobe-u.ac.jp/academic/ra/dp/English/DP2012-20.pdf

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zbMATH Keywords

aggregationstabilitywealth distributiondiscrete choiceFrobenius-Perron operatorergodic chaos

Mathematics Subject Classification ID

Strange attractors, chaotic dynamics of systems with hyperbolic behavior (37D45) Special types of economic markets (including Cournot, Bertrand) (91B54)

Cited In (2)

• Periodic and chaotic programs of optimal intertemporal allocation in an aggregative model with wealth effects
• Oligarchy as a phase transition: the effect of wealth-attained advantage in a Fokker-Planck description of asset exchange

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