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  • Search: subject:"Chaos in OLG Models"
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Chaos in OLG Models 1 Control of Chaos 1 Nonlinear Economic Dynamics 1
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Free 1
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Book / Working Paper 1
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Undetermined 1
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Mendes, Diana A. 1 Mendes, Vivaldo M. 1
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Unidade de Investigação em Desenvolvimento Empresarial (UNIDE), Business School 1
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Working Papers Series 1 1
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RePEc 1
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Controlling Endogenous Cycles in an OLG Economy by the OGY Method
Mendes, Vivaldo M.; Mendes, Diana A. - Unidade de Investigação em Desenvolvimento … - 2007
We show that very complicated dynamics arising, e.g. from an overlapping generations model (OLG) with production and an endogenous intertemporal decision between labour and leisure, which produces hyperchaos (both eigenvalues with modulus higher than 1), can in fact be controlled or managed with...
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