Irreversibility, uncertainty and underemployment equilibria [PDF]
In a competitive overlapping generation model, underutilization of labor and equipment can be due to the combination of irreversibility of human capital, physical capital and technology with idiosyncratic productivity shocks.
Croix, David de la, Licandro, Omar
core +1 more source
Bifurcation Analysis of Homoclinic Flips at Principal Eigenvalues Resonance
One orbit flip and two inclination flips bifurcation is considered with resonant principal eigenvalues. We introduce a local active coordinate system to establish bifurcation equation and obtain the conditions when the original homoclinic orbit is kept or broken.
Tiansi Zhang, Deming Zhu
openaire +2 more sources
A simple model of a speculative housing market [PDF]
We develop a simple model of a speculative housing market in which the demand for houses is influenced by expectations about future housing prices. Guided by empirical evidence, agents rely on extrapolative and regressive forecasting rules to form their ...
Dieci, Roberto, Westerhoff, Frank
core
Saddles, Indeterminacy and Bifurcations in an Overlapping Generations Economy with a Renewable Resource [PDF]
We incorporate a renewable resource into an overlapping generations model with standard, well-behaved utility and constant returns to scale production functions. Besides being a factor of production the resource serves as a store of value.
Erkki Koskela +2 more
core
In this paper, we use a semi-discretization method to consider the predator–prey model of Leslie type with ratio-dependent simplified Holling type IV functional response.
Luyao Lv, Xianyi Li
doaj +1 more source
Public health spending, old-age productivity and economic growth: chaotic cycles under perfect foresight [PDF]
This paper analyses the dynamics of a double Cobb-Douglas economy with overlapping generations and public health investments that affect the supply of efficient labour of the old-aged.
Fanti, Luciano, Gori, Luca
core +1 more source
Dynamic Effects of Regulation and Deregulation in Goods and Labour Markets [PDF]
Modern macroeconomic models with a Keynesian flavour usually involve nominal rigidities in wages and goods prices. A typical model is static and combines wage bargaining in the labour markets and monopolistic competition in the goods markets.
Ingrid Kubin, Pasquale Commendatore
core
Experimental Evidence of Amplitude Death and Phase-Flip Bifurcation between In-Phase and Anti-Phase Synchronization. [PDF]
Manoj K, Pawar SA, Sujith RI.
europepmc +1 more source
Codimension-one bifurcation analysis and chaos of a discrete prey–predator system
In this paper, we explore local dynamics at equilibrium points, the existence of bifurcation sets and codimension-one bifurcation analysis of a discrete prey–predator system with Holling type-II functional response.
Abdul Qadeer Khan +1 more
doaj +1 more source
Flip bifurcation analysis and mathematical modeling of cholera disease by taking control measures. [PDF]
Ahmad A +6 more
europepmc +1 more source

