1) La descarga del recurso depende de la página de origen
2) Para poder descargar el recurso, es necesario ser usuario registrado en Universia


Opción 1: Descargar recurso

Detalles del recurso

Descripción

Boom and bust cycles are widely documented in the literature on industry dynamics. Rigidities and delays in capacity adjustment in combination with bounded rational behavior have been identified as central driving forces. We construct a model that features only these two elements and we show that this is indeed sufficient to reproduce some stylized facts of a boom and bust cycle. The bifurcation diagrams summarizing the dynamic behavior reveal complex cycles and in particular also abrupt changes in the nature of these cycles. We apply new insights from the mathematical theory of piecewise smooth dynamic systems - in particular, results from the theory of border collision bifurcations - and show that the very existence of borders such as capacity constraints or nonnegativity constraints may lie behind abrupt changes in the dynamic behavior of economic variables. (author's abstract)

Pertenece a

ePub-WU OAI Archive (Vienna Univ. of Econ. and B.A.)   ePub-WU OAI Archive (Vienna Univ. of Econ. and B.A.)  

Autor(es)

Kubin, Ingrid -  Gardini, Laura - 

Id.: 55147260

Idioma: inglés  - 

Versión: 1.0

Estado: Final

Tipo:  application/pdf - 

Palabras claveRVK QC 330 -  JEL B52, C61, C62, C63, D41 - 

Tipo de recurso: Paper  -  NonPeerReviewed  - 

Tipo de Interactividad: Expositivo

Nivel de Interactividad: muy bajo

Audiencia: Estudiante  -  Profesor  -  Autor  - 

Estructura: Atomic

Coste: no

Copyright: sí

Formatos:  application/pdf - 

Requerimientos técnicos:  Browser: Any - 

Relación: [References] http://www.wu.ac.at/economics/forschung/wp
[References] http://epub.wu.ac.at/3490/

Fecha de contribución: 18-oct-2016

Contacto:

Localización:

Otros recursos del mismo autor(es)

  1. Border collision bifurcations in a two-dimensional piecewise smooth map from a simple switching circuit International audience
  2. Border collision bifurcations and chaotic sets in a two-dimensional piecewise linear map International audience
  3. Chaos generation from 1D or 2D circuits including switches International audience
  4. Policy Issues in NEG Models: Established Results and Open Questions This paper provides a non-technical overview of NEG models dealing with policy issues. Considered po...
  5. Introduction This collected volume gives a concise account of the most relevant scientific results of the COST Ac...

Otros recursos de la mismacolección

  1. Knowledge bases, innovation and multi-scalar relationships - Which kind of territorial boundedness of industrial clusters? Innovation is nowadays a highly interdependent process where firms rely on distributed knowledge sou...
  2. Text trajectories in a multilingual call centre: The linguistic ethnography of a calling script, Tilburg Papers in Culture Studies Call centres have been widely criticised as standardized workplaces, and the imposition of calling s...
  3. Cross-sectional dependence model specifications in a static trade panel data setting The focus is on cross-sectional dependence in panel trade flow models. We propose alternative speci...
  4. Evolutionary Tax Competition with Formulary Apportionment Evolutionary stability is a necessary condition for imitative dynamics of policy learning and innova...
  5. ROI: The R Optimization Infrastructure Package Optimization plays an important role in many methods routinely used in statistics, machine learning ...

Aviso de cookies: Usamos cookies propias y de terceros para mejorar nuestros servicios, para análisis estadístico y para mostrarle publicidad. Si continua navegando consideramos que acepta su uso en los términos establecidos en la Política de cookies.