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Indivisible labor implies chaos

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Author Info

  • Takashi Kamihigashi

    () (Department of Economics, SUNY-Stony Brook, Stony Brook, NY 11794-4384, USA)

Abstract

We study a simple infinite horizon model with indivisible labor. We characterize the optimal plans under the assumptions that $\beta R = 1$ and that $1/2 \leq \beta

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Bibliographic Info

Article provided by Springer in its journal Economic Theory.

Volume (Year): 15 (2000)
Issue (Month): 3 ()
Pages: 585-598

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Handle: RePEc:spr:joecth:v:15:y:2000:i:3:p:585-598

Note: Received: May 25, 1999; revised version: June 24, 1999
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Related research

Keywords: Indivisible labor; Chaos; Complex dynamics.;

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Cited by:
  1. Kamihigashi, Takashi & Roy, Santanu, 2007. "A nonsmooth, nonconvex model of optimal growth," Journal of Economic Theory, Elsevier, vol. 132(1), pages 435-460, January.

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