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


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.