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Bertrand-Edgeworth Equilibrium in a Cash-in-Advance Economy

✍ Scribed by Erdem Başçi and Ismail Saglam


Book ID
124327119
Publisher
Oxford University Press
Year
2003
Tongue
English
Weight
479 KB
Volume
55
Category
Article
ISSN
0030-7653

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Chaotic dynamics in a cash-in-advance ec
✍ Ronald Michener; B. Ravikumar 📂 Article 📅 1998 🏛 Elsevier Science 🌐 English ⚖ 230 KB

This paper introduces sufficient conditions for the existence of deterministic cycles and chaos in cash-in-advance models, building on the earlier work of . Chaotic equilibria are shown to be particularly likely in the cash-in-advance model, because of a unique characteristic of such models: a disco