Indivisible labor implies chaos

Takashi Kamihigashi

Economic Theory, 2000, vol. 15, issue 3, 585-598

Abstract: We study a simple infinite horizon model with indivisible labor. We characterize the optimal plans under the assumptions that $\beta R = 1$ and that $1/2 \leq \beta

Keywords: Indivisible labor; Chaos; Complex dynamics. (search for similar items in EconPapers)
JEL-codes: C61 D91 E32 (search for similar items in EconPapers)
Date: 2000-04-13
Note: Received: May 25, 1999; revised version: June 24, 1999
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Citations: View citations in EconPapers (6)

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