Discrete dynamics in a two-country model with a durable good

被引：0

作者：

Iwasa, Kazumichi ^{[1
]}

Nishimura, Kazuo ^{[1
]}

机构：

[1] Kobe Univ, RIEB, Nada Ku, Kobe, Hyogo 6570013, Japan

来源：

JOURNAL OF DIFFERENCE EQUATIONS AND APPLICATIONS | 2015年 / 21卷 / 12期

关键词：

stability; dynamical systems; optimization; economics; saddle point; INDETERMINACY;

D O I：

10.1080/10236198.2015.1071805

中图分类号：

O29 [应用数学];

学科分类号：

070104 ;

摘要：

In this paper, we extend Doi et al. (2007) in the sense that households in both countries consume a durable good. Although this generalization makes the model much complicate, it will be shown that under the standard Cobb-Douglas preferences, the model has a unique steady state and saddle-point stability.

引用

页码：1305 / 1314

页数：10

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