Friday, July 3, 2015

 

 



Soy un nuevo usuario

Olvidé mi contraseña

Entrada usuarios

Lógica Matemáticas Astronomía y Astrofísica Física Química Ciencias de la Vida
Ciencias de la Tierra y Espacio Ciencias Agrarias Ciencias Médicas Ciencias Tecnológicas Antropología Demografía
Ciencias Económicas Geografía Historia Ciencias Jurídicas y Derecho Lingüística Pedagogía
Ciencia Política Psicología Artes y Letras Sociología Ética Filosofía


Border Collision Bifurcations in Boom and Bust Cycles

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


  Descargar recurso

Detalles del recurso

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

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)

Autor(es): Kubin, Ingrid -  Gardini, Laura - 

Id.: 55147260

Idioma: English  - 

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: 20-oct-2014

Contacto:

Localización:


Otros recursos del mismo autor(es)

  1. ** * The authors are very grateful for comments on earlier versions from Ulrich Berger, This paper shows that the standard continuous-time core-periphery model – the foundation of the New ...
  2. Regional integration, international liberalisation and the dynamics of industrial agglomeration This paper presents a 3-Region footloose-entrepreneur new economic geography model. Two symmetric re...
  3. Economic integration and agglomeration in a customs union in the presence of an outside region New Economic Geography (NEG) models do not typically account for the presence of regions other than ...
  4. Regular and chaotic growth in a Hicksian floor/ceiling model In some previous papers the present authors reassembled the Hicksian trade cycle model in a new way....
  5. On the complicated price dynamics of a simple one-dimensional discontinuous financial market model with heterogeneous interacting traders We develop a financial market model with heterogeneous interacting agents: market makers adjust pric...

Otros recursos de la misma colección

  1. A Good Life for all - A European development model This working paper analyses the potentialities of an eco-solidarian development model for Europe by ...
  2. Work-sharing for a sustainable economy Achieving low unemployment in an environment of weak growth is a major policy challenge; a more egal...
  3. Financial Transaction Tax and Investment Funds: An Analysis of Key Factors and Their Impact on Performance Using retrospective data analysis, this paper looks at the potential effects that the EU financial t...
  4. Productive and Unproductive Reactions of MNEs to International Tax Differentials I provide initial evidence that international taxation impacts the magnitude of R&D investments in t...
  5. Taxing Income in the Oil and Gas Sector - Challenges of International and Domestic Profit Shifting This paper provides specific estimates on the scale of profit shifting among hydrocarbon MNEs. We es...

Valoración de los usuarios

No hay ninguna valoración para este recurso.Sea el primero en valorar este recurso.
 

Busque un recurso