University of Cagliari
Global Indeterminacy and Invariant Manifolds near Homoclinic Orbit to a Real Saddle in a Resource Optimal System
Venturi, Beatrice
2020-01-01
Abstract
The paper investigates the dynamic properties of a resource optimal system with externality derived by [1]. To this end, we determine the whole set of conditions that lead to global indeterminacy and the existence of a homoclinic orbit that converges in both forward and backward time to a real saddle equilibrium 5 points. The dynamics near this homoclinic orbit have been investigated. If the exponent of the externality is varied the homoclinic is broken and it bifurcates in a stable periodic orbit. The economic implications are discussed in the conclusions
Files in This Item:
| File | Size | Format | |
|---|---|---|---|
| 489169_1_En_21_Chapter_Author.pdf Solo gestori archivio
Type: versione pre-print
Size 396.26 kB
Format Adobe PDF
|
396.26 kB | Adobe PDF | & nbsp; View / Open Request a copy |
| 70670 (1).pdf Solo gestori archivio
Type: versione editoriale
Size 328.57 kB
Format Adobe PDF
|
328.57 kB | Adobe PDF | & nbsp; View / Open Request a copy |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.