A necessary and sufficient condition for the existence of chaotic dynamics in an overlapping generations model

Author:

Tomohiro Uchiyama

Keyword:

Economics, General Economics, General Economics (econ.GN)

journal:

date:

2023-10-23 16:00:00

Abstract

In this paper, we study economic dynamics in a standard overlapping generations model without production. In particular, using numerical methods, we obtain a necessary and sufficient condition for the existence of a topological chaos. This is a new application of a recent result characterising the existence of a topological chaos for a unimodal interval map by Deng, Khan, Mitra (2022).

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