Optimal Cycles and Chaos: A Survey

作者: Kazuo Nishimura , Gerhard Sorger

DOI: 10.2202/1558-3708.1009

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摘要: This paper surveys the literature on cyclical and chaotic equilibrium paths in deterministic optimal growth models with infinitely lived agents. We focus discrete time but also briefly mention results for continuous models. start by reviewing those that have been proved reduced form. Then we discuss two-sector primitive Finally, summarize a few obtained other variants of model, including recursive preferences heterogeneous

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