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We study the dynamics of a one-dimensional piecewise smooth map defined by constant and logistic functions. This map has qualitatively the same dynamics as the one defined by constant and unimodal functions, coming from an economic application. Namely, it contributes to the investigation of a...
Persistent link: https://www.econbiz.de/10010870297
In this paper we study a discrete-time growth model of the Solow type with nonconcave production function where shareholders save more than workers and the population growth dynamics is described by the logistic equation. We prove that the resulting system has a compact global attractor and we...
Persistent link: https://www.econbiz.de/10011117185