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Study on nonlinear economic dynamic model with time delays

Research Project

Project/Area Number 16K03556
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeMulti-year Fund
Section一般
Research Field Economic theory
Research InstitutionChuo University

Principal Investigator

Matsumoto Akio  中央大学, 経済学部, 教授 (50149473)

Project Period (FY) 2016-04-01 – 2019-03-31
Project Status Completed (Fiscal Year 2018)
Budget Amount *help
¥4,420,000 (Direct Cost: ¥3,400,000、Indirect Cost: ¥1,020,000)
Fiscal Year 2018: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2017: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2016: ¥2,080,000 (Direct Cost: ¥1,600,000、Indirect Cost: ¥480,000)
Keywords固定時間遅延 / 連続分布遅延 / 経済成長 / 不完全競争 / 安定性交代 / 複数の時間遅延 / 非線形動学 / 遅延動学 / delay dynamics / Solow growth model / cournot oligopoly model / fixed delay / distributed delay / NPS pollution / environmental policy / nonlinearitiy / 投資遅延 / 非線形加速後原理 / 安定性変換 / 消費遅延 / 貯蓄遅延 / 極限循環 / 多重安定性 / 時間遅延 / 非線形動学システム / 非線形性 / マクロ動学 / ミクロ動学 / 数値分析 / 不安定性 / 経済動学 / 複雑性動学
Outline of Final Research Achievements

It has been well-known that a time delay plays a crucial roles in microeconomic and macroeconomic flucutuations. However, due to difficulties for analyzing a delay system of differential equations, we have only limited knowledge on the effects caused by time delays on economic dynamics. In this study, we introduce time delays into microeconomic dynamic models in imperfect competitive markets including monopoly and oligopoly and a neoclasscial economic growth model to consider how the time delays affect dynamics in those models. As an application, we also consider effects on environmental policy for non-point source pollutions where accumulation of pollutions needs time.
The main conclusions are followings. If the lengths of the delays are large enough, the delays destabilize otherwise stable stationary state and could be sources for various dynamics ranging from simple cyclic oscillations to complex dynamics including chaos.

Academic Significance and Societal Importance of the Research Achievements

単一時間遅延動学システムの分析はすでに確立しているが、複数の時間遅延をもつ動学システムの解析は不十分であった。本研究は経済学の様々なモデルに時間遅延を導入し、それが動学に及ぼす影響について数理的かつ数値的に分析を行い、以下の点を明らかにした。複数遅延システムにおいては遅延の不安定効果に加え、質的に異なる効果、遅延の長さが変化するに従い安定性交代と呼ばれる「安定から不安定」への転換と「不安定から安定」への転換が交互に起こること、周期倍化を繰り返しながら、カオスを含む複雑な動学が出現することを示すことができた。これにより現実の経済で観察される持続的不規則変動を数理的に説明することが可能になる。

Report

(4 results)
  • 2018 Annual Research Report   Final Research Report ( PDF )
  • 2017 Research-status Report
  • 2016 Research-status Report
  • Research Products

    (33 results)

All 2019 2018 2017 2016 Other

All Int'l Joint Research (6 results) Journal Article (13 results) (of which Int'l Joint Research: 13 results,  Peer Reviewed: 13 results,  Open Access: 6 results,  Acknowledgement Compliant: 2 results) Presentation (7 results) (of which Int'l Joint Research: 7 results) Book (7 results)

  • [Int'l Joint Research] Corvinus University(ハンガリー)

    • Related Report
      2018 Annual Research Report
  • [Int'l Joint Research] Polytechnic University of Marche(イタリア)

    • Related Report
      2018 Annual Research Report
  • [Int'l Joint Research] University of Pecs/University of Torino(Hungary, Italy)

    • Related Report
      2017 Research-status Report
  • [Int'l Joint Research] University of Pecs(Hungary)

    • Related Report
      2017 Research-status Report
  • [Int'l Joint Research] University of Pecs/University of Pecs(Hungary, Italy)

    • Related Report
      2017 Research-status Report
  • [Int'l Joint Research] University of Urbino/University of Bologna/Bielefeld University(Italy, Germany)

    • Related Report
      2017 Research-status Report
  • [Journal Article] Neoclassical growth model with multiple distributed delays2019

    • Author(s)
      Luca Guerrini, Akio Matsumoto, Ferenc Szidarovszky
    • Journal Title

      Communications in Nonlinear Science and Numerical Simulations

      Volume: 79 Pages: 234-247

    • DOI

      10.1016/j.cnsns.2018.10.005

    • Related Report
      2018 Annual Research Report
    • Peer Reviewed / Int'l Joint Research
  • [Journal Article] Neoclassical growth model with two fixed delays2019

    • Author(s)
      Luca Guerrini, Akio Matsumoto, Ferenc Szidarovszky
    • Journal Title

      Metroeconomica

      Volume: -

    • Related Report
      2018 Annual Research Report
    • Peer Reviewed / Int'l Joint Research
  • [Journal Article] Regulation of Non-point source pollution under n-firm Bertrand competition2019

    • Author(s)
      Toshiharu Ishikawa, Akio Matsumoto, Ferenc Szidarovszky
    • Journal Title

      Environmental Economics and Policy Studies

      Volume: - Issue: 4 Pages: 579-597

    • DOI

      10.1007/s10018-019-00243-9

    • Related Report
      2018 Annual Research Report
    • Peer Reviewed / Open Access / Int'l Joint Research
  • [Journal Article] Delay Cournot duopoly model revisited2018

    • Author(s)
      Luca Guerrini, Akio Matsumoto, Ferenc Szidarovszky
    • Journal Title

      Chaos: Interdisciplinary Journal of Nonlinear Science

      Volume: 28 Issue: 9 Pages: 93-113

    • DOI

      10.1063/1.5020903

    • Related Report
      2018 Annual Research Report
    • Peer Reviewed / Open Access / Int'l Joint Research
  • [Journal Article] Extended oligopolies with pollution penalties and rewards2018

    • Author(s)
      Akio Matsumoto, Ferenc Szidarovszky, Hirokazu Takizawa
    • Journal Title

      Discrete Dynamics in Nature and Society

      Volume: 2018 Pages: 1-8

    • DOI

      10.1155/2018/7861432

    • Related Report
      2018 Annual Research Report
    • Peer Reviewed / Open Access / Int'l Joint Research
  • [Journal Article] A delay dynamic model of love affairs with cautious partner2018

    • Author(s)
      Akio Matsumoto, Ferenc Szidarovszky
    • Journal Title

      AIP advances

      Volume: 8 Issue: 10 Pages: 1-17

    • DOI

      10.1063/1.5020926

    • Related Report
      2018 Annual Research Report
    • Peer Reviewed / Open Access / Int'l Joint Research
  • [Journal Article] Goodwin accelerator model revisited with fixed time delays2017

    • Author(s)
      Akio Matsumoto, Ugo Merlone, Ferenc Szidarovszky
    • Journal Title

      Communications in Nonlinear Science and Numerical Simulations

      Volume: 58 Pages: 233-248

    • Related Report
      2017 Research-status Report
    • Peer Reviewed / Int'l Joint Research
  • [Journal Article] Environmental effects of ambient charge in Cournot oligopoly2017

    • Author(s)
      Akio Matsumoto, Ferenc Szidarovszky, Yabuta Masahiro
    • Journal Title

      Journal of Environmental Economics and Policy

      Volume: 7 Pages: 41-56

    • Related Report
      2017 Research-status Report
    • Peer Reviewed / Int'l Joint Research
  • [Journal Article] Extended oligopolies with contingent workforce2017

    • Author(s)
      Akio Matsumoto, Ugo Merlone, Ferenc Szidarovszky
    • Journal Title

      Journal of Evolutionary Economics

      Volume: 27 Issue: 5 Pages: 989-1005

    • DOI

      10.1007/s00191-017-0500-1

    • Related Report
      2017 Research-status Report
    • Peer Reviewed / Int'l Joint Research
  • [Journal Article] Introduction to the special issue "Nonlinear Economic Dynamics"2017

    • Author(s)
      Gian-Italo Bischi, Herbert Dawid, Roberto Dieci, Akio Matsumoto
    • Journal Title

      Journal of Evolutionary Economics

      Volume: 27 Pages: 825-830

    • Related Report
      2017 Research-status Report
    • Peer Reviewed / Int'l Joint Research
  • [Journal Article] Delay dynamics in a classical IS-LM model with taxiation2016

    • Author(s)
      Akio Matsumoto, Ferenc Szidarovszky
    • Journal Title

      Metroeconomics

      Volume: 67 Issue: 4 Pages: 667-697

    • DOI

      10.1111/meca.12128

    • Related Report
      2016 Research-status Report
    • Peer Reviewed / Int'l Joint Research / Acknowledgement Compliant
  • [Journal Article] A heterogenous agent model of asset price with three time delays2016

    • Author(s)
      Akio Matsumoto, Ferenc Szidarovszky
    • Journal Title

      Frontiers in Applied Mathematics and Statistics

      Volume: 2 Pages: 1-11

    • DOI

      10.3389/fams.2016.00015

    • Related Report
      2016 Research-status Report
    • Peer Reviewed / Open Access / Int'l Joint Research / Acknowledgement Compliant
  • [Journal Article] Extended dynamic oligopoies with flexible workforce and isoelastic price function2016

    • Author(s)
      Akio Matsumoto, Ugo Merlone, Ferenc Szidarovszky
    • Journal Title

      Frontiers in Applied Mathematics and Statistics

      Volume: 2 Pages: 1-11

    • DOI

      10.3389/fams.2016.00019

    • Related Report
      2016 Research-status Report
    • Peer Reviewed / Open Access / Int'l Joint Research
  • [Presentation] Delay Cournot duopoly models revisited2018

    • Author(s)
      Akio Matsumoto
    • Organizer
      28th International Conference of SCTPLS
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Delay Cournot duopoly models revisted2018

    • Author(s)
      Akio Matsumoto
    • Organizer
      Dynamic models in Economics and Finance 2018
    • Related Report
      2018 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Envurinnentak policy for non-point source pollution in Bertrand duopoly2018

    • Author(s)
      Akio Matsumoto
    • Organizer
      5th International Advance Conference on Economics, Business Management and Social Science
    • Related Report
      2017 Research-status Report
    • Int'l Joint Research
  • [Presentation] Environmental effect of ambient charge in a Cournot oligopoly model2017

    • Author(s)
      Akio Matsumoto
    • Organizer
      25th Pacific Conference of the RSAI (Regional Science Association International)
    • Related Report
      2017 Research-status Report
    • Int'l Joint Research
  • [Presentation] Optimal growth model with production delay2017

    • Author(s)
      Akio Matsumoto
    • Organizer
      10th International Conference on Nonlinear Economic Dynamics
    • Related Report
      2017 Research-status Report
    • Int'l Joint Research
  • [Presentation] A dynamic multiplier process with delay in tax collection2017

    • Author(s)
      Akio Matsumoto
    • Organizer
      16th International Conference of the Japan Economic Policy Association
    • Related Report
      2017 Research-status Report
    • Int'l Joint Research
  • [Presentation] A heterogenous agent model of asset price with time delays2016

    • Author(s)
      Akio Matsumoto
    • Organizer
      Dynamic Models in Economics and Finance
    • Place of Presentation
      University of Urbino (Italy)
    • Year and Date
      2016-06-23
    • Related Report
      2016 Research-status Report
    • Int'l Joint Research
  • [Book] Dynamic Oligopolies with Time Delays2018

    • Author(s)
      Akio Matsumoto, Ferenc Szidarovszky
    • Total Pages
      266
    • Publisher
      Springer
    • ISBN
      9789811317859
    • Related Report
      2018 Annual Research Report
  • [Book] Optimization and Dynamics with Their Applications2017

    • Author(s)
      Akio Matsumoto (ed.)
    • Total Pages
      344
    • Publisher
      Springer
    • ISBN
      9789811042133
    • Related Report
      2017 Research-status Report
  • [Book] 経済理論・応用・実証分析の新展開2017

    • Author(s)
      松本 昭夫(編著)
    • Total Pages
      319
    • Publisher
      中央大学出版部
    • ISBN
      9784805722664
    • Related Report
      2017 Research-status Report
  • [Book] Game theory and its applications2016

    • Author(s)
      Akio Matsumoto, Ferenc Szidarovszky
    • Total Pages
      268
    • Publisher
      Springer
    • Related Report
      2016 Research-status Report
  • [Book] Essays in economic dynamics: theory, simulation analysis and methodorogical study2016

    • Author(s)
      Akio Matsumoto, Ferenc Szidarovszky, Toichiro Asada
    • Total Pages
      258
    • Publisher
      Springer
    • Related Report
      2016 Research-status Report
  • [Book] Essays in economic dynamics (Learning in monopolies with depayed price information )2016

    • Author(s)
      Akio Matsumoto, Ferenc Szidarovszky
    • Total Pages
      258
    • Publisher
      Springer
    • Related Report
      2016 Research-status Report
  • [Book] Essays in economic dynamics (Delay Kaldor-Kalecki model revised)2016

    • Author(s)
      Akio Matsumoto, Ferenc Szidarovszky
    • Total Pages
      258
    • Publisher
      Springer
    • Related Report
      2016 Research-status Report

URL: 

Published: 2016-04-21   Modified: 2022-02-22  

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