Local Bifurcations of Three and Four-Dimensional Systems: A Tractable Characterization with Economic Applications
Stefano Bosi and
No 2017/02, EUSP Department of Economics Working Paper Series from European University at St. Petersburg, Department of Economics
We provide necessary and sufficient conditions to detect local bifurcations of three and four-dimensional dynamical systems in continuous time. We characterize the bifurcations of codimension one and two. Our methodology is both general and tractable. To illustrate its operability, we provide two analytical applications of dimension three and four to environmental economics, complemented with numerical simulations.
Keywords: Local bifurcations; Codimensions one and two; Pollution; Natural capital (search for similar items in EconPapers)
JEL-codes: C61 E32 O44 (search for similar items in EconPapers)
Pages: 25 pages
New Economics Papers: this item is included in nep-mac and nep-ore
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
Journal Article: Local bifurcations of three and four-dimensional systems: A tractable characterization with economic applications (2019)
Working Paper: Local bifurcations of three and four-dimensional systems: A tractable characterization with economic applications (2019)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eus:wpaper:ec2017_02
Access Statistics for this paper
More papers in EUSP Department of Economics Working Paper Series from European University at St. Petersburg, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Mikhail Pakhnin ().