Title

Chaotic Equilibria in a Small Open Overlapping Generations Economy with Child-Parent Externality

Abstract

This paper presents a simple overlapping generations model of small open economy with child-parent externality that exhibits chaotic equilibrium dynamics.


Kazuo NISHIMURA
Kyoto Institute of Economics Research, Kyoto University

Koji SHIMOMURA
Research Institute for Economics and Business Administration
Kobe University
Rokkodai-cho, Nada-ku, Kobe
657-8501 Japan
Phone: (81) 78 803 7036
Fax: (81) 78 803 7059