Multiple Attractors and Nonlinear Dynamics in an Overlapping Generations Model with Environment

Ahmad Naimzada and Mauro Sodini

Discrete Dynamics in Nature and Society, 2010, vol. 2010, 1-11

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.

Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:hin:jnddns:503695

DOI: 10.1155/2010/503695

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