A simple example of complex dynamics

A discrete tatonnement process is analysed within the context of a two-person, two-good exchange economy where each person has a Cobb-Douglas utility function. This process is shown to exhibit period doubling bifurcation, topological and ergodic chaos.

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Year of publication:	1999-10-14
Authors:	Mukherji, Anjan
Published in:	Economic Theory. - Springer. - Vol. 14.1999, 3, p. 741-749
Publisher:	Springer
Subject:	Period-doubling bifurcation \| Topological and ergodic chaos

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Extent:	application/pdf
Type of publication:	Article
Notes:	Received: June 22, 1998; revised version: July 15, 1998
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005596760