Many dynamical systems depend on parameters. One may expect that small variations of the parameters produce no significant changes in the orbits. As was shown in Chap. 3 for the Logistic Map, even in simple cases, there exist critical values such that, moving the parameters through them, the...

In this chapter, we analyse the effects of PAYG and funded pension systems on welfare. The debate on the choice between alternative systems focuses on their effects on savings, capital accumulation, labour supply, economic growth and inequality and the potential benefits of mixed systems in...

Cellular automata (CA) can be used to study nonlinear endogenous business cycles. This leads to an examination of the classification of business cycles based on Wolfram's four classes of the dynamical behaviour of cellular automata. Following the path set by Zambelli and Goodwin, a study of...

This chapter provides a comprehensive view on the field of New Economic Geography (NEG). It starts by describing the background in adjacent fields of economics which made the surge of NEG possible. It lays out the necessary ingredients and fundamental forces at work that define any NEG framework...