Bifurkacije i haos u nekom ekonomskim modelima
Bifurcation and Chaos in Some Economic Models
Author(s): Senada Kalabušić, Esmir PilavSubject(s): Economy
Published by: Ekonomski fakultet u Sarajevu
Keywords: bifurcation; difference equation; equilibrium; chaos; periodic point; stability
Summary/Abstract: In this paper we discuss two economic models: interaction of economic and population growth, and model of demand and supply. We demonstrate bifuraction and chaos in these two models. The existence of chaos implies that no one can precisely know what will happen in society in the future, except that it will be changing.
Journal: Zbornik radova Ekonomskog fakulteta u Sarajevu
- Issue Year: 2009
- Issue No: 29
- Page Range: 495-511
- Page Count: 17
- Language: Bosnian