Optimal Chaos, Nonlinearity and Feasibility Conditions.

B-Tier
Journal: Economic Theory
Year: 1994
Volume: 4
Issue: 5
Pages: 689-704

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This study constructs a class of dynamic models in which optimal paths are generated by nonlinear transition functions similar to a tent map. We provide a sufficient condition under which such a transition function is a chaotic map. This characterization provides a way to construct complex nonlinear dynamics in a broad range of dynamic economic models.

Technical Details

RePEc Handle
repec:spr:joecth:v:4:y:1994:i:5:p:689-704
Journal Field
Theory
Author Count
2
Added to Database
2026-01-26