The paper is `a survey on the appearance of stable limit cycles' (from the author's introduction) `in economics and management science', the `presentation is not exhaustive'. The following models are covered: 1. advertising, 2. production strategy, 3. employment, 4. R\(\&\)D, 5. pollution. The models are autonomous differential equations (with at least two state variables). Only the first model does not involve intertemporal optimization. In all of them the author makes use of the Hopf bifurcation theorem (for a system \(\dot z=f_ \gamma(z)\), \(z=z(t)\in {\mathcal R}^ n\), \(\gamma\in {\mathcal R}\) under some assumptions on the eigenvalues of the Jacobian \(D_ zf_{\gamma^*}(z^*)\) at an equilibrium \(f_{\gamma^*}(z^*)=0\) there is a stable cycle for (some) parameters \(\gamma\) close to \(\gamma^*\)). The first model is presented with detailed calculations, which explains how to look for limit cycles, i.e. how to use the Hopf theorem; also the second one is treated analytically. The last three ones are treated numerically (with a time discrete ADPLUS model), and a qualitative discussion is given. An economic interpretation explains the meaning of stable cycles in the models. The paper contains a large list of references.
- A Collocation Solver for Mixed Order Systems of Boundary Value Problems
- A complete characterization of optimal growth paths in an aggregated model with a non-concave production function
- A new product growth for model consumer durables
- A problem in jointly optimal production and advertising decisions
- Cyclical and Noncyclical Redistributive Taxation
- Dynamic Optimal Control Models in Advertising: a Survey
- Existence theorems for Lagrange control problems with unbounded time domain
- Feature Article—Aggregate Advertising Models: The State of the Art
- Global asymptotic stability of optimal control systems with applications to the theory of economic growth
- scientific article; zbMATH DE number 4016551 (Why is no real title available?)
- scientific article; zbMATH DE number 4160426 (Why is no real title available?)
- scientific article; zbMATH DE number 3991198 (Why is no real title available?)
- scientific article; zbMATH DE number 4089269 (Why is no real title available?)
- scientific article; zbMATH DE number 4091175 (Why is no real title available?)
- scientific article; zbMATH DE number 3712681 (Why is no real title available?)
- scientific article; zbMATH DE number 15011 (Why is no real title available?)
- scientific article; zbMATH DE number 3535794 (Why is no real title available?)
- Intertemporal allocation with a non-convex technology: The aggregative framework
- Introduction Strategy for New Products with Positive and Negative Word-of-Mouth
- Models of New Product Diffusion Through Advertising and Word-of-Mouth
- Nonlinear oscillations, dynamical systems, and bifurcations of vector fields
- On optimal steady states of n-sector growth models when utility is discounted
- On the Imbedding of V-Manifolds in Projective Space
- On the indeterminacy of capital accumulation paths
- On the optimality of limit cycles in dynamic economic systems
- Optimal advertising policy with the contagion model
- Optimal consumption, training, working time, and leisure over the life cycle
- OPTIMAL CONTROL AND ADVERTISING POLICY
- Optimal control problems with differential inclusions: Sufficiency conditions and an application to a production-inventory model
- Optimal Growth with a Convex-Concave Production Function
- Optimal Growth with Intertemporally Dependent Preferences
- Optimal oscillations in control models: How can constant demand lead to cyclical production ?
- Optimal pulsing in an advertising diffusion model
- Optimal research and development expenditures under an incremental tax incentive scheme
- Optimization and nonsmooth analysis
- Oscillations in optimal growth models
- Saddle points of Hamiltonian systems in convex Lagrange problems having a nonzero discount rate
- Smoothness, Comparative Dynamics, and the Turnpike Property
- The Hopf bifurcation and the existence and stability of closed orbits in multisector models of optimal economic growth
- Oscillations in the Rodriguez model of entry and price dynamics
- Self-sustained oscillation in economics
- Differential game model of the dynastic cycle: 3D-canonical system with a stable limit cycle
- Limit cycles in the Holling-Tanner model
- Endogenous labor share cycles: theory and evidence
- Dynamic externalities: Comparing conditions for Hopf bifurcation under laissez-faire and planning
- Dynamic monopolistic competition. A steady-state analysis
- scientific article; zbMATH DE number 4005944 (Why is no real title available?)
- scientific article; zbMATH DE number 4031358 (Why is no real title available?)
- ON THE UNIQUENESS OF LIMIT CYCLES IN BUSINESS CYCLE THEORY
- scientific article; zbMATH DE number 59916 (Why is no real title available?)
- FEEDBACK LOOP IN EXTENDED VAN DER POL'S EQUATION APPLIED TO AN ECONOMIC MODEL OF CYCLES
- scientific article; zbMATH DE number 770205 (Why is no real title available?)
- scientific article; zbMATH DE number 770206 (Why is no real title available?)
- On the bifurcation of limit cycles in a dynamic model of a small open economy
- Cyclical fluctuations in continuous time dynamic optimization models: survey of general theory and an application to dynamic limit pricing
- Moving limit cycles model of an economic system
- Stability and limit cycles in competitive equilibria subject to adjustment costs and dynamic spillovers.
- Hopf bifurcations in a Ricardo-Malthus model
This page was built for publication: Limit cycles in dynamic economic systems
Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q684781)