A simple example of complex dynamics |
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| Authors: | Anjan Mukherji |
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| Affiliation: | (1) Centre for Economic Studies and Planning, Jawaharlal Nehru University, New Delhi 110 067, INDIA (e-mail: anjan@jnuniv.ernet.in) , IN |
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| Abstract: | Summary. A discrete tatonnement process is analysed within the context of a two-person, two-good exchange economy where each person has a Cobb-Douglas utility function. This process is shown to exhibit period doubling bifurcation, topological and ergodic chaos. Received: June 22, 1998; revised version: July 15, 1998 |
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| Keywords: | and Phrases: Period-doubling bifurcation Topological and ergodic chaos. |
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