A Necessary and Sufficient Condition for the Existence of Chaotic Dynamics in an Overlapping Generations Model

Tomohiro Uchiyama ()
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Tomohiro Uchiyama: Soka University

SN Operations Research Forum, 2024, vol. 5, issue 2, 1-12

Abstract: 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 et al. (J Econ Theory 201:105446, 2022).

Keywords: Chaos; Overlapping generations model; Numerical method (search for similar items in EconPapers)
JEL-codes: D11 D41 D51 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s43069-024-00329-5

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