3rd International Conference on Nonlinear Economic Dynamics

Dedicated to the 100th Anniversary of Department of Economics, Chuo University

29-31 July 2004

Room 4
Institute of Economic Research
Chuo University, Tokyo, Japan

Organizing Committee
Gian Italo Bischi (Urbino University, Italy)
Michael Kopel (Technical University of Vienna, Austria)
Akio Matsumoto (Chuo University, Japan)

Local Organizing Committee
Yoshiaki Koguchi (Dean of Economic Department)
Takuo Tanaka (Dean of Graduate School of Economics)
Kiyoshi Sato (Chair of the 100th Anniversary Committee)
Toichiro Asada (Chuo University)
Toshihiro Ishikawa (Chuo University)
Akio Matsumoto (Chuo University)


July 29, Thursday
9:00-9:20 Registration
9:20-9:30 Welcome and Opening Addresse
Katogi Yoshifumi: Vice Dean of Department of Economics, Chuo University

9:30-10:20  Opening Lecture (Plenary Talk 1: Chair: Tonu Puu)

J. Barkley Rosser Jr. (James Madison University, USA)
“Epistemological Implications of Economic Complexity”

10:20-10:30   Breaks

Morning Session
10:30-12:10    Macro Dynamics 1 (Chair: Irina Sushko)

Ahmad Naimzada (University Bicocca-Milan, Italy)
“Complex Dynamics with Monetary Feedback Rules”

Herbert Dawid (Bielefeld University, Germany)
“On the Efficiency-Effects of Private (Dis-)Trust in the Government”

Vivaldo Mendes (ISCTE, Portugal)
“Chaos and the Irrelevance of Economic Policy: A Misconception”

12:30-14:00   Lunch
Afternoon Sessions
14:00-15:20     Financial Markets (Chair: Weihong Huang)

Roberto Dieci (Bologna University, Italy)
“Heterogeneous Expectations and Speculative Behavior in a
Multi-Asset Dynamic Framework”

Carl Chiarella (University of Technology Sydney, Australia)
“The Microstructure of Double Auction Markets;
Some Further Simulation Analysis”

15:20-15:40    Break

15:40-17:00    Dynamic and Static Game (Chair: Shahria Yousefi)

Fabio Lamantia (University of Calabria, Italy)
“A Dynamics Model of Cooperative and Competitive Exploitation of a Common Pool Resource”

Nobuko Serizawa (Niigata University, Japan)
“Strategic Trade Policy under Isoelastic Demand and
Asymmetric Production Costs”

Evening Session
18:00-        Wine and Light Meals
 July 30, Friday

Morning Sessions
9:30-10:50      Macro Dynamics 2 (Chair: Herbert Dawid)

Hiroyuki Yoshida (Nihon University, Japan)
“Money Suppply and Endogenous Fluctuations”

Toichiro Asada (Chuo University, Japan)
“Dynamic Limit Pricing and Endogenous Fluctuations”

10:50-11:00  Break

11:00-12:20    Oligopoly Dynamics  (Chair: Barkley Rosser)

Ferenc Szidarovszky (University of Arizona, USA)
“Dynamic Oligopolies under Uncertainty with Saturated Markets”

Gian-Italo Bischi (Urbino University, Italy)
“Dynamic Oligopoly Models with Product Differentiation and Local Knowledge of Demand”

12:20-13:30    Lunch

Afternoon Sessions
13:30-14:20   Plenary Talk 2 (Chair: Yasuhiro Takeuchi)

        Hiroshi Matano (University of Tokyo, Japan)
“Theory of Order-Preserving Dynamical Systems and its Applications”

14:20-14:30    Break

14:30-15:50    Statistical Dynamics (Chair: Anna Agliari)

Weihong Huang (Nanyan Technological U., Singapore)
“On the Invariant Density of Full-Range Cautious Adjustment Process”

Akio Matsumoto (Chuo University, Japan)
“Controlling Chaos in a N-person Cournot Model ”

15:50-16:00    Break

16:00-17:20    Transboundary Dynamics (Chair: Volker Boehm)

Michael Kopel (Technical University Vienna, Austria)
        “International Fishery with Several Countries”

Irina Sushko (Nat. Acad. of Sciences of Ukraine, Ukraine)
“Hicksian Floor-Roof Model for Two Regions Linked by Interregional Trade”

Evening Session

19:30-     Conference Dinner

July 31, Saturday

9:30-10:20    Plenary Talk 3 (Chair: Carl Chiarella)

Volker Boehm (Bielefeld University, Germany)
“'Price Dynamics when Demand is Random”

10:20-10:30    Break

Morning Session

10:30-11:50    Empirical Chaos (Chair: Roberto Dieci)

Shahria Yousefi (Sourthern Denmark University, Denmark)
“Wavelet-based Prediction of Oil Prices”

Kenshi Sakai (Tokyo U. of Agriculture and Technology)
“Nonlinear Prediction conducted on Piglet Price - Population Data Set to Distinguish Chaotic Dynamics and Limit Cycle”

11:50-13:30    Lunch

Afternoon Sessions
13:30-14:50    Kaldorian Dynamics (Chair: Ahmad Naimzada)

Yasuhiro Takeuchi (Shizuoka University, Japan)
“Stability Analysis of the Kaldor Model with Time Delay”

Anna Agliari (Catholic University, Italy)
        “Homoclinic Loops in Kaldor like Business Cycle Model”

14:50-15:00    Break

15:00-15:50       Closing Lecture (Plenary Talk 4 : Chair: Ferenc Szidarovszky)

        Tonu Puu (Umea University, Sweden)
“A Neo-Hicksian Model producing Growth Cycles”

15:50-       Closing Addresses
        Gian Italo Bischi (Urbina University, Italy)
        Michael Kopel (Technical University of Vienna, Austria)
        Shahria Yousefi (University of Southern Denmark, Denmark)

Last Session
18:30-        Informal Get-Together; “It’s only beer but I like it !!”

 List of Contributors

Anna Agliari
    Department of Economics, Catholic University of Milan, Italy

Toichiro Asada
Department of Economics, Chuo University, Japan

Gian Italo Bischi
    Department of Economics, Urbino University, Italy

Volker Boehm
Department of Economics, Bielefeld University, Germany

Carl Chiarella
    School of Business, University of Technology, Sydney, Australia

Herbert Dawid
    Department of Economics, Bielefeld University, Germany

Robert Dieci
    Faculty of Economics, Rimini, University of Bologna, Italy

Weihon Hunag
    Division of Economics, School of Humanity and Social Sciences
    Nanyang Technological University, Singapore

Fabio Lamantia
    Faculty of Economics, University of Calabria, Italy

Hirosi Matano
    Graducate School of Mathematical Science, University of Tokyo, Japan

Akio Matsumoto
    Department of Economics, Chuo University, Japan

Vivaldo Mendes
    Department of Economics, ISCTE, Portugal

Kopel Micheal
    Department of Managerial Economics and Industrial Organization
    Vienna University of Technology, Austria

Ahmad Naimzada
    Department of Economics, Public University “Bicocca”, Italy

Barkley Rosser
    Department of Economics, James Madison University, USA
Tonu Puu
    Center for Regional Science, Umea University, Sweden

Kenshi Sakai
    Department of Eco-Regional Science
Tokyo University of Agriculture and Technology, Japan

Nobuko Serizawa
    Department of Economics, Niigata University, Japan

Irina Sushuko
    Institute of Mathematics,    National Academy of Sciences of Ukraine, Ukraine

Ferenc Szidarovszky
    Systems and Industrial Engineering Department, University of Arizona, USA

Yasuhiro Takeuchi
    Department of System Engineering, Shizuoka University, Japan

Hiroyuki Yoshida
Department of Economics, Nihon University, Japan

Shahria Yousefi
    Department of Economics, University of Southern Denmark, Denmark