A logistic map approach to economic cycles
M. Ausloos (1), P. Clippe (1), J. Miskiewicz (1,2), A. Pekalski (3)
(1) Univ Liege
(2) Wroclaw Agricultural Institute , Wroclaw
(3) Univ Wroclaw
Abstract
Following the simulation of a lattice model recently introduced by some of us
when describing economic entities under changing economic conditions in space
and time, we perform some analytical work in order to sort out parameter values
which could lead to demonstrate the existence of economic cycles or chaotic
behaviors.