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Chaos in the Middle Zone: Nonperiodic Fluctuation in the Dynamic van Thunen Model

Author

Listed:
  • Hansson, Kenneth A.

    (Research Institute of Industrial Economics (IFN))

Abstract

Non-periodic fluctuations of production activities are shown to exist in a dynamic von Thunen model for specific conditions of cost and demand.

Suggested Citation

  • Hansson, Kenneth A., 1985. "Chaos in the Middle Zone: Nonperiodic Fluctuation in the Dynamic van Thunen Model," Working Paper Series 146, Research Institute of Industrial Economics.
    • Handle: RePEc:hhs:iuiwop:0146
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    References listed on IDEAS

    as
    1. Samuelson, Paul A, 1983. "Thunen at Two Hundred," Journal of Economic Literature, American Economic Association, vol. 21(4), pages 1468-1488, December.
    2. Day, Richard H & Kennedy, Peter E, 1970. "Recursive Decision Systems: An Existence Analysis," Econometrica, Econometric Society, vol. 38(5), pages 666-681, September.
    3. Day, Richard H, 1982. "Irregular Growth Cycles," American Economic Review, American Economic Association, vol. 72(3), pages 406-414, June.
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    More about this item

    Keywords

    Von Thunen model; production fluctuations;

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General

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