Abstract
We study the role of increasing returns (in production) on the emergence of nonlinear endogenous fluctuations in a simple overlap- ping generations model. We specify conditions for the occurrence of local flip and Hopf bifurcations in terms of relevant parameters. We, also, present orbits exhibiting endogenous fluctuations, for some numerical examples. Our results, in compliance with other recent works, suggest that the envi- ronment in which endogenous fluctuations can emerge approaches those considered more plausible when there are increasing returns to scale. Rendements croissants d'echelle et fluctuations endo- genes non lineaires dans un modele simple a generations imbriquees : une note pedagogique
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