Stability conditions for three-dimensional maps and their associated bifurcation types

Marji Lines, Noemi Schmitt and Frank Westerhoff

Applied Economics Letters, 2020, vol. 27, issue 13, 1056-1060

Abstract: We present analytical tools that may be useful in studying the behaviour of dynamic economic models formulated in discrete time. In particular, we provide a simplified set of conditions for the stability of fixed points of three-dimensional maps, and the bifurcation types associated with them.

Date: 2020
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DOI: 10.1080/13504851.2019.1659923

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