EconPapers    
Economics at your fingertips  
 

A simple method to study local bifurcations of three and four-dimensional systems: characterizations and economic applications

Stefano Bosi and David Desmarchelier ()

No 2017.16, Working Papers from FAERE - French Association of Environmental and Resource Economists

Abstract: We provide necessary and sufficient conditions to detect local bifurcations of three and four-dimensional dynamical systems in continuous time. We characterize not only the bifurcations of codimension one but also those of codimension two. The added value of this methodology rests on its generality and tractability. To illustrate the simplicity of our approach, 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)
New Economics Papers: this item is included in nep-mac and nep-ore
Date: 2017-09
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)
http://faere.fr/pub/WorkingPapers/Bosi_Desmarchelier_FAERE_WP2017.16.pdf First version, 2017 (application/pdf)

Related works:
Working Paper: A simple method to study local bifurcations of three and four-dimensional systems: characterizations and economic applications (2017) Downloads
Working Paper: A simple method to study local bifurcations of three and four-dimensional systems: characterizations and economic applications (2017) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fae:wpaper:2017.16

Access Statistics for this paper

More papers in Working Papers from FAERE - French Association of Environmental and Resource Economists Contact information at EDIRC.
Bibliographic data for series maintained by Mireille Chiroleu-Assouline ().

 
Page updated 2019-05-13
Handle: RePEc:fae:wpaper:2017.16