Limit cycles in intertemporal adjustment models

DOI10.1016/0165-1889(94)90013-2zbMATH Open0875.90083OpenAlexW1522391050WikidataQ59212083 ScholiaQ59212083MaRDI QIDQ671841FDOQ671841

Authors: Gustav Feichtinger, Andreas J. Novak, Franz Wirl 

Publication date: 27 February 1997

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

Full work available at URL: https://doi.org/10.1016/0165-1889(94)90013-2

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zbMATH Keywords

Hopf bifurcationOptimal savingRenewable resourcesStable limit cyclesSubsidies

Mathematics Subject Classification ID

Bifurcations of limit cycles and periodic orbits in dynamical systems (37G15) Economic growth models (91B62)

Cites Work

• Nonlinear oscillations, dynamical systems, and bifurcations of vector fields
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• On the optimality of limit cycles in dynamic economic systems
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• Optimal Growth with Intertemporally Dependent Preferences
• Stability of Separable Hamiltonians and Investment Theory
• The Hopf bifurcation and the existence and stability of closed orbits in multisector models of optimal economic growth
• Saddle points of Hamiltonian systems in convex Lagrange problems having a nonzero discount rate
• The Optimal Exploitation of Renewable Resource Stocks: Problems of Irreversible Investment
• Optimal oscillations in control models: How can constant demand lead to cyclical production ?
• Non-Convexities in Continuous-Time Investment Theory
• On the optimality and stability of competitive paths in continuous time growth models
• Stabilizing employment in a fluctuating resource economy
• Cyclical strategies in two-dimensional optimal control models: Necessary conditions and existence
• Equilibrium cycling with small discounting

Cited In (26)

• Instability and growth due to adjustment costs
• Limit cycles in dynamic economic systems
• Dynamic monopolistic competition. A steady-state analysis
• Limit cycles in an optimal control problem of diabetes
• Limit cycles in intertemporal adjustment models. Theory and applications
• Pathways to Hopf bifurcations in dynamic continuous-time optimization problems
• Limit cycles in the Holling-Tanner model
• Stability and limit cycles in competitive equilibria subject to adjustment costs and dynamic spillovers.
• Complexities due to sluggish expansion of backstop technologies
• Trend-reverting fluctuations in the life-cycle model
• Stable periodic economic cycles from controlling
• Cyclical fluctuations in continuous time dynamic optimization models: survey of general theory and an application to dynamic limit pricing
• Implications of policy adjustment costs for fisheries management
• Coefficient criterion for four-dimensional Hopf bifurcations: a complete mathematical characterization and applications to economic dynamics
• Persistent high ambition and substance abuse: a rationalization of a vicious circle
• The Ramsey model revisited: The optimality of cyclical consumption and growth
• Optimal dynamical balance harvesting for a class of renewable resources system
• Gustav Feichtinger celebrates his 70th birthday
• Why present-oriented societies undergo cycles of drug epidemics.
• Title not available (Why is that?)
• A new route to cyclical strategies in two-dimensional optimal control models
• Resource leasing and optimal periodic capital investments
• Title not available (Why is that?)
• A DNS-curve in a two-state capital accumulation model: A numerical analysis
• Conditions for indeterminacy and thresholds in neoclassical growth models
• Investment, credit, and endogenous cycles

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