One Stock, Multiple Locations

Summary

We now present a generalization of the discrete-time, universal, one-species, two-location, relative dynamics model to I locations. First, the general formulation will be analyzed in Section A; then a log-linear specification of the comparative advantages F function will be studied in Section B, followed by numerical simulations and some general results. One of these results is the novel funding that the onset of local and partial period-doubling cycles may occur in the dynamic system.