Econometric Society 57th European Meeting
25th August 2002 - 28th August 2002, Venice, Italy

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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

Presenter(s): Wagener, Florian

Co-Author(s): none

Keyword(s): Bifurcation theory, Ecological systems, Non-linear differential games

JEL(s): C72

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.


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Paper Reference Number: 98

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25th August 2002 - 28th August 2002, Venice, Italy

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