On the dynamics of an oil price model (Q469919)
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English | On the dynamics of an oil price model |
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On the dynamics of an oil price model (English)
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11 November 2014
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Summary: We address the dynamic of an energy price model in a more general approach; to our knowledge, in previous works, different conditions are imposed on the energy price function at a particular value in order to characterize stability and unstability for real or complex eigenvalues. Nonexistence of periodic orbits is shown by means of Dulac's criterion; we also exhibit some pictures of solutions. Finally we modify this model and apply it to some particular cases in Venezuela economy.
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