A necessary and sufficient condition for the existence of chaotic dynamics in an overlapping generations model

Tomohiro Uchiyama

Papers from arXiv.org

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, Khan, Mitra (2022).

Date: 2023-10
New Economics Papers: this item is included in nep-dge
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