Gardini, Laura; Hommes, Cars; Tramontana, Fabio; … - Facoltà di Economia, Università degli Studi di Urbino - 2008
In dynamic economic models derived from optimization principles, the forward equilibrium dynamics may not be uniquely de
fined, while the backward dynamics is well de
fined. We derive properties of the global forward equilibrium paths based on properties of the backward dynamics. We propose...