Durable capital and chaos in competitive business cycles

Article Abstract:

A study was conducted on chaotic optimal accumulation resulting from limited capital depreciation. The theorem of Li and Yorke was used to explain the complex non-linear dynamics of optimal accumulation. A demonstration of a cyclical optimal path period of three was provided. Results showed that limited capital depreciation can cause chaotic optimal dynamics.

Business cycles, Chaos theory, Chaotic systems, Capital

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Stability of stochastic optimal growth models: a new approach

Article Abstract:

A study proposing an Euler equation technique for analyzing the stability of differentiable stochastic programs is presented.

Belgium, Usage, Lagrange equations, Stochastic differential equations, Stochastic programming

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Unemployment and indeterminacy

Article Abstract:

The indeterminacy of unemployment insurance, based on efficiency wage models, is examined.

Unemployment Insurance, Administration of Human Resource Programs (except Education, Public Health, and Veterans' Affairs Programs), Models, Wage gap

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