Dynamics in OG economies

Christian Ghiglino, Mich Tvede

Research output: Contribution to journalArticlepeer-review


In the present paper we consider a class of dynamic economic models with ℓ goods at every date. Equilibrium price systems (pt), where pt ∈ ℝ++, are obtained as solutions to an autonomous difference equation of the form z(p t-s,...,Pt,...,Pt+s) = 0 where S + 1 is the lifespan of the consumers and z: ℝ++(2S+1)ℓ → ℝ(2S+1)ℓ is obtained by maximizing individual felicity. We study both properties of the set of stationary solutions as well as the local dynamics of stationary solutions.

Original languageEnglish (US)
Pages (from-to)463-472
Number of pages10
JournalJournal of Difference Equations and Applications
Issue number5
StatePublished - Apr 20 2004


  • Bifurcations
  • Difference equations
  • Periodical solutions
  • Stationary solutions

ASJC Scopus subject areas

  • Analysis
  • Algebra and Number Theory
  • Applied Mathematics


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