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Economics Dynamics Problems 162

Economics Dynamics Problems 162 - 146 Economic Dynamics...

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Unformatted text preview: 146 Economic Dynamics Figure 4.2. Example 4.3 We can establish the fixed point of the following simultaneous equation system (4.6) ˙ x = x − 3y ˙ y = −2x + y x0 = 4, y0 = 5 ˙ ˙ by setting x = 0 and y = 0, which has solution x∗ = 0 and y∗ = 0. ...
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