Recycling waste and endogenous fluctuations in an OLG model

Mouez Fodha and Francesco Magris

International Journal of Economic Theory, 2015, vol. 11, issue 4, 405-427

Abstract: type="main" xml:lang="en">

We study an overlapping generations model composed of two productive sectors: the first produces a virgin good and the second recycles a good from a previous period. When the profit of the recycling sector is in its increasing region, endogenous fluctuations emerge through a flip bifurcation when leisure and consumption are complementary. Conversely, when profit is in its decreasing region, deterministic cycles emerge also under the gross substitutability assumption. The steady state becomes indeterminate through a flip or a Hopf bifurcation, provided leisure and consumption are complements. We also study the social optimum and the altruistic market economy.

Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://hdl.handle.net/ (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Recycling waste and endogenous fluctuations in an OLG model (2015)
Working Paper: Recycling waste and endogenous fluctuations in an OLG model (2015)
Working Paper: Recycling waste and endogenous fluctuations in an OLG model (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:ijethy:v:11:y:2015:i:4:p:405-427

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1742-7355

Access Statistics for this article

International Journal of Economic Theory is currently edited by Kazuo Nishimura and Makoto Yano

More articles in International Journal of Economic Theory from The International Society for Economic Theory
Bibliographic data for series maintained by Wiley Content Delivery ().