Analysis and simulations of the HANDY model with social mobility, renewables and nonrenewables

Abstract

We expand the HANDY (Human And Nature DYnamics) model for the socioeconomic dynamics of a large stratified society. The basic model was introduced in Motesharrei (Dissertation 2014) and Motesharrei et al. (2016). It is a nonlinear system of ODEs for a `simple society' of Elites, Workers, Wealth, and Natural Resources. Following Ali Kadhim (Dissertation 2021), we add social mobility between the classes and split natural resources into renewables and nonrenewables. We establish the existence, boundedness and positivity of the solutions, and investigates the stability of the steady states. The model admits stable steady states, and there is numerical evidence of stable periodic solutions and limit cycles. Simulations depict the different qualitative types of model behavior: convergence to steady states, periodic oscillations, collapse. For more information see https://ejde.math.txstate.edu/Volumes/2023/59/abstr.html