On Outward-Looking Comparison Utility, Heterogeneous Preferences & the Third Dimension: A Geometric Perspective

Jean-Paul Barinci () and Jean-Pierre Drugeon ()
Additional contact information
Jean-Paul Barinci: Université d’Evry Val d’Essonne
Jean-Pierre Drugeon: Cnrs-Eurequa, Maison des Sciences Economiques

No 05-07, Documents de recherche from Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne

Abstract: The difficulties associated with the appraisal of the determinacy properties of a three-dimensional system are circumvented by the introduction of a new geometrical argument. It first brings about a complete and easy-to-use typology of the eigenvalues moduli in discrete time three-dimensional dynamical systems and then provides a new apparatus for assessing from a geometrical standpoint the emergence of local bifurcations. The argument is first illustrated in an environment where outward-looking comparison utility may question the determinacy of the steady state and subsequently used within a competitive monetary equilibrium with heterogeneous agents and financial constraints.

Keywords: Local indeterminacy; Three-Dimensional Dynamical Systems; Suboptimal Economies (search for similar items in EconPapers)
JEL-codes: E32 E52 O41 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2005
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.univ-evry.fr/fileadmin/mediatheque/uev ... es/Epee/wp/05-07.pdf (application/pdf)

Related works:
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:eve:wpaper:05-07

Access Statistics for this paper

More papers in Documents de recherche from Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne Contact information at EDIRC.
Bibliographic data for series maintained by Samuel Nosel ().