Mutiple Attractor Dynamics in Socioeconomic Decision Problems

Under the conditions of efficiency, a simple economic system is thought to have a unique market attractor, and thus a unique stable fixed point. By contrast, in more complex socioeconomic systems, multiple attractor dynamics predominate. This paper proposes a dynamical representation of suhc complex systems and illustrates it with several contemporaneous examples.

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Year of publication:	1998
Authors:	Chevalier, A. ; Kunsch, P.-L.
Institutions:	ESCP Europe
Subject:	DYNAMIC ANALYSIS

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Series:	Ecole Superieure de Commerce de Paris. Groupe ESCP-.
Type of publication:	Book / Working Paper
Notes:	35 pages
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005618418