Cyclical dynamics under continuous time equilibrium

The present study characterizes the equilibrium set of economic dynamics under learning and sequential equilibrium when time is continuous. Sufficient conditions for the exact identification of the period of cycles are given. In particualr, the omega limit set can be the union of closed curves where the state of the economy repeats itself with irrational periodicity.

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Year of publication:	2002-02
Authors:	Senesi, Pietro
Institutions:	Centro di Economia del Lavoro e di Politica Economica (CELPE), Università degli Studi di Salerno

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Extent:	application/pdf
Series:	CELPE Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005176507