Showing 1 - 9 of 9
We develop a financial market model with interacting chartists and fundamentalists that embeds the famous bull and bear market model of Huang and Day as a special case. Their model is given by a one-dimensional continuous piecewise-linear map. Our model, on the other hand, is more flexible and...
Persistent link: https://www.econbiz.de/10010310936
In this paper we consider a discontinuous one-dimensional piecewise linear model describing a neoclassical growth model. These kind of maps are widely used in the applied context. We determine the analytical expressions of border collision bifurcation curves, responsible for the observed...
Persistent link: https://www.econbiz.de/10010870177
We develop a simple financial market model with heterogeneous interacting speculators. The dynamics of our model is driven by a one-dimensional discontinuous piecewise linear map, having two discontinuity points and three linear branches. On the one hand, we study this map analytically and...
Persistent link: https://www.econbiz.de/10010845565
We develop a financial market model with interacting chartists and fundamentalists that embeds the famous bull and bear market model of Huang and Day as a special case. Their model is given by a one-dimensional continuous piecewise-linear map. Our model, on the other hand, is more flexible and...
Persistent link: https://www.econbiz.de/10010954952
We develop a financial market model with interacting chartists and fundamentalists that embeds the famous bull and bear market model of Huang and Day as a special case. Their model is given by a one-dimensional continuous piecewise-linear map. Our model, on the other hand, is more flexible and...
Persistent link: https://www.econbiz.de/10010703129
Persistent link: https://www.econbiz.de/10010196878
Persistent link: https://www.econbiz.de/10010340255
In this paper we prove the existence of full measure unbounded chaotic attractors which are persistent under parameter perturbation (also called robust). We show that this occurs in a discontinuous piecewise smooth one-dimensional map f, belonging to the family known as Nordmark's map. To prove...
Persistent link: https://www.econbiz.de/10011183216
In this work we consider a class of generalized piecewise smooth maps, proposed in the study of applied engineering models. It is a class of one-dimensional discontinuous maps, with a linear branch and a nonlinear one, characterized by a power function with a term x and a vertical asymptote. The...
Persistent link: https://www.econbiz.de/10011149725