Directory UMM :Data Elmu:jurnal:J-a:Journal Of Economic Dynamics And Control:Vol24.Issue5-7.Jul2000:
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As clearly stated in the " rst chapter of the book, computable economics has several pioneers and precursors, but this book is the " rst attempt at systematiz- ing such
six sections: Section I: Invited contributions; Section II: Heterogeneous agents; Section III: Local and global bifurcations in 2-D systems; Section IV: Macro dynamics; Section
This larger view nests conventional rational expectations general equilibrium theory in the sense that if the costs of acquiring & full knowledge of the true model expectations
Using the BDS and the NEGM tests, and 15-s, 1-min and 5-min returns (from September 1 to November 30, 1991), they reject the hypothesis of independence in favor of a nonlinear
In this paper we show how the global dynamics of an economic model can be analyzed by the study of some global bifurcations that change the shape of the chaotic attractors and
In Section 5.4 we have seen that when the symmetric equilibrium price vector of a ta ( tonnement process with both a re # ectional and a rotational symmetry loses stability
Using a singular perturbation technique, we have derived conditions under which topological chaos occurs due to transverse homoclinic orbits to the golden rule steady state when
Several implications for the empirical testing of the relationship between risk and return come from the dynamic nature of this study. In Section 4, we have shown that the intercept
