D
David R. Stockman
Researcher at University of Delaware
Publications - 24
Citations - 367
David R. Stockman is an academic researcher from University of Delaware. The author has contributed to research in topics: Dynamical systems theory & Measure (mathematics). The author has an hindex of 10, co-authored 24 publications receiving 353 citations.
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Balanced-Budget Rules: Welfare Loss and Optimal Policies☆
TL;DR: In this article, the effects of a balanced budget restriction on real business cycle theory and public finance were evaluated. But, most economic models do not suggest an optimal fiscal policy in which the government's budget is balanced each period.
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Inverse limits and an implicitly defined difference equation from economics
TL;DR: In this paper, the authors introduce mathematicians to a cash-in-advance model from economics and show that tools from inverse limits and dynamical systems developed in the last forty or so years are applicable to it.
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Money as real options in a cash-in-advance economy
Stacie Beck,David R. Stockman +1 more
TL;DR: In this paper, the optimal exercise point and equilibria in which money as real options has positive option value were characterized and the effect of uncertainty on the option value of money and the optimal strategy was investigated.
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Balanced-budget rules: Chaos and deterministic sunspots
TL;DR: It is shown that the existence of Euler equation branching in an arbitrarily small neighborhood of a steady state implies topological chaos in the sense of Devaney on a compact invariant set with non-empty interior (the chaos is "thick").
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Chaotic equilibria in models with backward dynamics
Judy Kennedy,David R. Stockman +1 more
TL;DR: In this paper, the authors provide necessary and sufficient conditions for a dynamical system with backward dynamics to be chaotic, using the theory of inverse limits to define chaotic set-valued dynamical systems.