Abstract
Nonlinear dynamics does not by necessity lead to complex phenomena, such as chaos. As an example to the contrary we can take the elegant model of interregional trade equilibrium and dynamics as formulated by Martin Beckmann in 1952 and 1953. This gives us one more opportunity to study partial differential equation models in economics and to employ the concepts from vector analysis introduced in Chapter 3.
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© 2000 Springer-Verlag Berlin Heidelberg
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Puu, T. (2000). Dynamics of Interregional Trade. In: Attractors, Bifurcations, and Chaos. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-04094-2_11
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DOI: https://doi.org/10.1007/978-3-662-04094-2_11
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-662-04096-6
Online ISBN: 978-3-662-04094-2
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