Sensitivities in Models with Backward Dynamics. (2nd May 2019) - Chen, Yonghong
Abstract : In this paper, we study some properties of economic model with backward dynamics. We mainly introduce the concept ofP -sensitivity andP -Li-Yorke sensitivity especially for the multivalued forward dynamics of such models and characterizeP -sensitivity andP -Li-Yorke sensitivity of the multivalued forward dynamics in terms of sensitivity and Li-Yorke sensitivity of an induced single-valued dynamics by using the theory of inverse limits. Similarly, we also characterize the sensitivity and Li-Yorke sensitivity of the single-valued backward dynamics of such models in terms of the corresponding sensitivities of an induced single-valued dynamics.