A necessary and sufficient condition for the existence of chaotic dynamics in an overlapping generations model
General Economics
2023-10-25 v1 Economics
Abstract
In this paper, we study economic dynamics in a standard overlapping generations model without production. In particular, using numerical methods, we obtain a necessary and sufficient condition for the existence of a topological chaos. This is a new application of a recent result characterising the existence of a topological chaos for a unimodal interval map by Deng, Khan, Mitra (2022).
Keywords
Cite
@article{arxiv.2310.15755,
title = {A necessary and sufficient condition for the existence of chaotic dynamics in an overlapping generations model},
author = {Tomohiro Uchiyama},
journal= {arXiv preprint arXiv:2310.15755},
year = {2023}
}