A simple example of complex dynamics

被引:13
作者
Mukherji, A [1 ]
机构
[1] Jawaharlal Nehru Univ, Ctr Econ Studies & Planning, New Delhi 110067, India
关键词
period-doubling bifurcation; topological and ergodic chaos;
D O I
10.1007/s001990050353
中图分类号
F [经济];
学科分类号
02 ;
摘要
A discrete tatonnement process is analysed within the context of a two-person, two-good exchange economy where each person has a Cobb-Douglas utility function. This process is shown to exhibit period doubling bifurcation, topological and ergodic chaos.
引用
收藏
页码:741 / 749
页数:9
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