Journal Article Kuhn's Intensity Hypothesis Revisited Get access Kazuo Nishimura Kazuo Nishimura University of Southern California and State University of New York at Buffalo and Tokyo Metropolitan University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 48, Issue 2, April 1981, Pages 351–354, https://doi.org/10.2307/2296891 Published: 01 April 1981 Article history Received: 01 April 1979 Accepted: 01 October 1980 Published: 01 April 1981

[This study demonstrates the possibility of ergodically chaotic optimal accumulation in the case in which future utilities are discounted arbitrarily weakly. For this purpose, we use a two-sector model with Leontief production functions and construct a condition under which the optimal transition function is unimodal and expansive. We demonstrate that the set of parameter values satisfying that condition is nonempty no matter how weakly the future utilities are discounted.]