We propose two exchange economy evolutionary models with heterogeneous agents, in which the share updating mechanisms depend on the goods’ consumption, described in terms of the calorie intakes. In the first setting we assume that the share updating rule is monotone in the calorie intake, while in the second framework we suppose that it is non-monotone. In both scenarios we investigate whether there may be multistability phenomena involving nontrivial market stationary equilibria at which the calorie intakes for the two groups of agents differ. The answer is negative in the first setting, while it is affirmative in the second framework.

Naimzada, A., Pireddu, M. (2018). Strong coexistence for a model with endogenous evolution of heterogeneous agents. COMMUNICATIONS IN NONLINEAR SCIENCE & NUMERICAL SIMULATION, 65, 35-53 [10.1016/j.cnsns.2018.05.006].

Strong coexistence for a model with endogenous evolution of heterogeneous agents

Naimzada, AK;Pireddu, M
2018

Abstract

We propose two exchange economy evolutionary models with heterogeneous agents, in which the share updating mechanisms depend on the goods’ consumption, described in terms of the calorie intakes. In the first setting we assume that the share updating rule is monotone in the calorie intake, while in the second framework we suppose that it is non-monotone. In both scenarios we investigate whether there may be multistability phenomena involving nontrivial market stationary equilibria at which the calorie intakes for the two groups of agents differ. The answer is negative in the first setting, while it is affirmative in the second framework.
Articolo in rivista - Articolo scientifico
Endogenous preferences, Multistability, Weak and strong coexistence, Bifurcation analysis
English
dic-2018
2018
65
35
53
partially_open
Naimzada, A., Pireddu, M. (2018). Strong coexistence for a model with endogenous evolution of heterogeneous agents. COMMUNICATIONS IN NONLINEAR SCIENCE & NUMERICAL SIMULATION, 65, 35-53 [10.1016/j.cnsns.2018.05.006].
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10281/197317
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