Multiple Attractors and Nonlinear Dynamics in an Overlapping Generations Model with Environment

作者:Naimzada Ahmad*; Sodini Mauro
来源:Discrete Dynamics in Nature and Society, 2010, 2010: 503695.
DOI:10.1155/2010/503695

摘要

This paper develops a one-sector productive overlapping generations model with environment where a CES technology is assumed. Relying on numerical and geometrical approaches, various dynamic properties of the proposed model are explored: the existence of the phenomenon of multistability or the coexistence of different attractors was demonstrated. Finally, we describe a nontypical global bifurcation which determines the appearance of an attracting cycle.

  • 出版日期2010