Inverse limit spaces arising from problems in economics

AbstractIn this paper we use tools from topology and dynamical systems to analyze the structure of solutions to implicitly defined equations that arise in economic theory, specifically in the study of so-called “backward dynamics”. For this purpose we use inverse limit spaces and shift homeomorphisms to describe solutions which are typical in that they are likely to be observed in future time. These predicted solutions corresponds to attractors in an inverse limit space under the shift homeomorphism(s)