In this paper, a novel type of generalized Kopel triopoly model is presented to reveal the
complex dynamics and transitions between different dynamic behaviors. First, based on …

Complex economic nonlinear dynamics endogenously do not converge to a point, a limit
cycle, or an explosion. Their study developed out of earlier studies of cybernetic …

We are investigating microeconomic foundations of Cournot duopoly games such that the
reaction functions are unimodal. We demonstrate that cost functions incorporating an …

Chaos, catastrophe, self-organization, and complexity theories (nonlinear dynamics) now
have practical and measurable roles in the functioning of work organizations. Managing …

Deterministic chaos has been implicated in numerous natural and man-made complex
phenomena ranging from quantum to astronomical scales and in disciplines as diverse as …

Additional Resource Materials Human behavior would not be interesting to us if it remained
the same from one moment to the next. Moreover, we tend to be sensitive to changes in …

We develop a behavioral commodity market model with consumers, producers and
heterogeneous speculators to characterize the nature of commodity price fluctuations and to …

Complex economic dynamics is studied by a forced oscillator model of business cycles. The
technique of numerical modeling is applied to characterize the fundamental properties of …

This paper explores the idea of using artificial adaptive agents in economic theory. In
particular, we use Genetic Algorithms (GAs) to model the learning behavior of a population …

Economic Systems exhibit complex dynamics evidenced by large-amplitude and aperiodic
fluctuations in economic variables, such as foreign exchange rates and stock market prices …