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Chaotic solutions in infinite-time horizon linear programming and economic dynamics

  • Kazuo Nishimura
  • Makoto Yano
Part of the Advances in Mathematical Economics book series (MATHECON, volume 1)

Abstract

In Nishimura and Yano (1996), we demonstrate that chaos may emerge as a solution to a dynamic linear programming (LP) problem. That result is closely related to a result of Nishimura and Yano (1995), which establishes the possibility of chaotic optimal accumulation in a two-sector model of optimal capital accumulation. This study intends to survey those results and explain the basic relationship between them.

Keywords

Discount Factor Linear Programming Problem Chaotic Solution Linear Utility Function Labor Endowment 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag 1999

Authors and Affiliations

  • Kazuo Nishimura
    • 1
  • Makoto Yano
    • 2
  1. 1.Institute of Economic ResearchKyoto UniversitySakyo-ku, KyotoJapan
  2. 2.Department of EconomicsKeio UniversityMinato-ku, TokyoJapan

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