Giuseppe Palomba and the Lotka-Volterra Equations
Rendiconti Lincei – Scienze Fisiche e Naturali, Vol. 19, No. 4, pp. 347-357, 2008
Posted: 30 Apr 2011
Date Written: December 1, 2007
Abstract
The introduction into economics of the Lotka-Volterra prey-predator equations to model cyclical phenomena is commonly attributed to Richard Goodwin (1965). In this paper we show that the Italian economist Giuseppe Palomba had used these equations much earlier (1939), and describe Palomba's model in detail, pointing out his surprisingly modern conclusions and suggestions for future work.
Keywords: Lotka-Volterra equations, growth cycle
JEL Classification: E32, C69
Suggested Citation: Suggested Citation
Gandolfo, Giancarlo, Giuseppe Palomba and the Lotka-Volterra Equations (December 1, 2007). Rendiconti Lincei – Scienze Fisiche e Naturali, Vol. 19, No. 4, pp. 347-357, 2008, Available at SSRN: https://ssrn.com/abstract=1825346
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