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Chaotic Equilibria in a Small Open Overlapping Generations Economy with Child-Parent Externality

Author

Listed:
  • Kazuo Nishimura

    (Kyoto Institute of Economic Research (KIER), Kyoto University, Japan)

  • Koji Shimomura

    (Research Institute for Economics & Business Administration (RIEB), Kobe University, Japan)

Abstract

This paper presents a simple overlapping generations model of small open economy with child-parent externality that exhibits chaotic equilibrium dynamics.

Suggested Citation

  • Kazuo Nishimura & Koji Shimomura, 1997. "Chaotic Equilibria in a Small Open Overlapping Generations Economy with Child-Parent Externality," Discussion Paper Series 87, Research Institute for Economics & Business Administration, Kobe University.
    • Handle: RePEc:kob:dpaper:87
    as

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    Keywords

    Externalities; Generations;

    JEL classification:

    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth

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