Stability, chaos and multiple attractors: a single agent makes a difference

DOI10.1016/S0165-1889(02)00090-8MaRDI QIDQ951400zbMATH OpenFDO

Authors Tamotsu Onozaki, Gernot Sieg, Masanori Yokoo

Publication date 24 October 2008

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

Full work available at URL https://doi.org/10.1016/S0165-1889(02)00090-8

zbMATH Keywords

2-D nonlinear cobweb modelbehavioral heterogeneitychaoscoexisting periodic attractorshomoclinic bifurcations

Mathematics Subject Classification ID

Strange attractors, chaotic dynamics of systems with hyperbolic behavior (37D45) Dynamical systems in optimization and economics (37N40) Economic dynamics (91B55)

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Cites work

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• Bifurcation to infinitely many sinks
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• Cascades of period-doubling bifurcations: A prerequisite for horseshoes
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• Factors substitutability, heterogeneity and endogenous fluctuations in a finance constrained economy
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• scientific article; zbMATH DE number 53149 (Why is no real title available?)
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Cited in

(18)

• Chaotic dynamics in nonlinear duopoly game with heterogeneous players.
• Nonlinear dynamics in the Cournot duopoly game with heterogeneous players
• New analyses of duopoly game with output lower limiters
• Hopf bifurcation in a cobweb model with discrete time delays
• Decentralized allocation of human capital and nonlinear growth
• Complexity analysis of remanufacturing duopoly game with different competition strategies and heterogeneous players
• Complex dynamics in a model of common fishery resource harvested by multiagents with heterogeneous strategy
• Complex dynamics of duopoly game with heterogeneous players: a further analysis of the output model
• Equilibrium and disequilibrium dynamics in cobweb models with time delays
• Adaptive expectations and cobweb phenomena: does heterogeneity matter?
• Nonlinear dynamic and chaos in a remanufacturing duopoly game with heterogeneous players and nonlinear inverse demand functions
• A new method to control chaos in an economic system
• Rational expectations and differentiated information costs for heterogeneous fundamentalists in an evolutive Muthian cobweb model
• Nonlinear dynamics in a heterogeneous duopoly game with adjusting players and diseconomies of scale
• Price stabilization using buffer stocks
• Misperception-driven chaos: theory and policy implications
• Hopf bifurcation and stability crossing curves in a cobweb model with heterogeneous producers and time delays
• Productive public expenditures, expectation formations and nonlinear dynamics

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