Showing 1 - 10 of 14
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
We consider Filippov sliding motion on a co-dimension 2 discontinuity surface. We give conditions under which Σ is attractive through sliding which are sharper than those given in a previous paper of ours. Under these sharper conditions, we show that the sliding vector field considered in the...
Persistent link: https://www.econbiz.de/10011264171
In several situations the consequences of an actor’s choices are also affected by the actions of other actors. This is one of the aspects which determines the complexity of social systems and make them behave as a whole. Systems characterized by such a trade-off between individual choices and...
Persistent link: https://www.econbiz.de/10010576955
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
<span style="font-size: 9.5pt"><span style="font-size: 9.5pt">This work provides a framework to analyze the role of financial development as</span><span style="font-size: 9.5pt">a source of endogenous instability in emerging economies subject to moral hazard</span><span style="font-size: 9.5pt">problems. We study a piecewise linear dynamic model describing a small open economy</span><span style="font-size: 9.5pt">with a tradable good produced by internationally mobile...</span></span>
Persistent link: https://www.econbiz.de/10005403496
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
This article considers a Cournot duopoly under an isoelastic demand function and cost functions with built-in capacity limits. The special feature is that each firm is assumed to operate multiple plants, which can be run alone or in combination. Each firm has two plants with different capacity...
Persistent link: https://www.econbiz.de/10004990644
Persistent link: https://www.econbiz.de/10009326725