|
SKIBA POINTS AND HETEROCLINIC BIFURCATIONS, WITH APPLICATIONS TO THE SHALLOW LAKE SYSTEM
Category: Economic Theory
Resource Economics II Sunday 25th August 2002, 14:30 - 16:00, Room: 4.7
Session Chair(s):
Costas Hadjiyiannis, University of Cyprus, CYPRUS
|
Abstract:
|
Techniques from dynamical systems, specifically from bifurcation theory, are used to investigate the occurrence of Skiba (or indifference) points in
one state, one co-state control systems,
for which the effect of the control has a definite direction. The parameter region for which Skiba points occur can be determined: it is bounded by heteroclinic bifurcation manifolds. Furthermore, a local criterion ensuring the existence of Skiba points in systems with small discount rates is developped. The analysis is applied to the shallow lake system investigated by Malar, Xepapapedas and de Zeeuw (2000). For this system, it is shown that for any given parameter value, there is at most one Skiba point.
|
|
|
|
|
Find this file in the \Papers\98\ folder of this CD-ROM.
|
|
|
Customise
|
Customise your Event Programme to include your favourite papers, and email details of papers to friends and colleagues with the
online Programme
|
|
|