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. Copyright © 2010 Ahmad Naimzada and Mauro Sodini.
Naimzada, A., Sodini, M. (2010). Multiple Attractors and Nonlinear Dynamics in an Overlapping Generations Model with Environment. DISCRETE DYNAMICS IN NATURE AND SOCIETY, 2010 [10.1155/2010/503695].
Multiple Attractors and Nonlinear Dynamics in an Overlapping Generations Model with Environment
NAIMZADA, AHMAD KABIR
;
2010
Abstract
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. Copyright © 2010 Ahmad Naimzada and Mauro Sodini.
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