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Sensitivities in Models with Backward Dynamics

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  • Yonghong Chen
  • Xunxiang Guo

Abstract

In this paper, we study some properties of economic model with backward dynamics. We mainly introduce the concept of - sensitivity and - Li-Yorke sensitivity especially for the multivalued forward dynamics of such models and characterize - sensitivity and - Li-Yorke sensitivity of the multivalued forward dynamics in terms of sensitivity and Li-Yorke sensitivity of an induced single-valued dynamics by using the theory of inverse limits. Similarly, we also characterize the sensitivity and Li-Yorke sensitivity of the single-valued backward dynamics of such models in terms of the corresponding sensitivities of an induced single-valued dynamics.

Suggested Citation

  • Yonghong Chen & Xunxiang Guo, 2019. "Sensitivities in Models with Backward Dynamics," Discrete Dynamics in Nature and Society, Hindawi, vol. 2019, pages 1-8, May.
    • Handle: RePEc:hin:jnddns:4874836
    DOI: 10.1155/2019/4874836
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