| 来源类型 | Article |
| 规范类型 | 其他 |
| DOI | 10.1016/0165-1889(94)90013-2 |
| Limit cycles in intertemporal adjustment models: Theory and applications. | |
| Feichtinger G; Novak A; Wirl F | |
| 发表日期 | 1994 |
| 出处 | Journal of Economic Dynamics and Control 18 (2): 353-380 |
| 出版年 | 1994 |
| 语种 | 英语 |
| 摘要 | This paper starts from well-behaved (i.e., concave) one-state-variable optimal control models. The crucial feature is that indigenous growth is present. The replacement of the control by an adjustment process and presumably penalizing these adjustments may convert stable (and only stable) fixed point equilibria into limit cycles. Indeed, given positive growth and proper externalities (such that discounting exceeds growth), one can generate stable limit cycles with ease, e.g., for a separable framework. Examples from such diverse fields as renewable resources, optimal saving and public choice highlight the economic applicability. |
| 主题 | World Population (POP) |
| 关键词 | Stable limit cycles Hopf bifurcation Renewable resources Optimal saving Subsidies |
| URL | http://pure.iiasa.ac.at/id/eprint/3860/ |
| 来源智库 | International Institute for Applied Systems Analysis (Austria) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/127251 |
| 推荐引用方式 GB/T 7714 | Feichtinger G,Novak A,Wirl F. Limit cycles in intertemporal adjustment models: Theory and applications.. 1994. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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