IDEAS home Printed from https://ideas.repec.org/p/eve/wpaper/05-07.html
   My bibliography  Save this paper

On Outward-Looking Comparison Utility, Heterogeneous Preferences & the Third Dimension: A Geometric Perspective

Author

Listed:
  • Jean-Paul Barinci

    () (Université d’Evry Val d’Essonne)

  • Jean-Pierre Drugeon

    () (Cnrs-Eurequa, Maison des Sciences Economiques)

Abstract

The difficulties associated with the appraisal of the determinacy properties of a three-dimensional system are circumvented by the introduction of a new geometrical argument. It first brings about a complete and easy-to-use typology of the eigenvalues moduli in discrete time three-dimensional dynamical systems and then provides a new apparatus for assessing from a geometrical standpoint the emergence of local bifurcations. The argument is first illustrated in an environment where outward-looking comparison utility may question the determinacy of the steady state and subsequently used within a competitive monetary equilibrium with heterogeneous agents and financial constraints.

Suggested Citation

  • Jean-Paul Barinci & Jean-Pierre Drugeon, 2005. "On Outward-Looking Comparison Utility, Heterogeneous Preferences & the Third Dimension: A Geometric Perspective," Documents de recherche 05-07, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
  • Handle: RePEc:eve:wpaper:05-07
    as

    Download full text from publisher

    File URL: http://epee.univ-evry.fr/RePEc/2005/05-07.pdf
    Download Restriction: no

    More about this item

    Keywords

    Local indeterminacy; Three-Dimensional Dynamical Systems; Suboptimal Economies;

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eve:wpaper:05-07. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Samuel Nosel). General contact details of provider: http://edirc.repec.org/data/epevrfr.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.