Control of chaotic dynamics in an OLG economic model
This paper deals with the control of chaotic economic motion. We show that very complicated dynamics arising, e.g., from an overlapping generations model (OLG) with production and an endogenous intertemporal decision between labour and leisure, which produces chaos, can in fact be controlled with re...
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| Format: | article |
| Language: | eng |
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2017
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| Online Access: | https://ciencia.iscte-iul.pt/id/ci-pub-25414 |
| Country: | Portugal |
| Oai: | oai:repositorio.iscte-iul.pt:10071/14224 |