Hopf bifurcation analysis for the modified Rayleigh price model with time delay

DOI10.1155/2013/290497MaRDI QIDQ2015326zbMATH OpenOpenAlexWikidataFDO

Authors Yanhui Zhai, Haiyun Bai, Ying Xiong, Xiaona Ma

Publication date 23 June 2014

Published in Abstract and Applied Analysis (Search for Journal in Brave)

Copyright license Creative Commons Attribution 3.0 Unported

Full work available at URL https://doi.org/10.1155/2013/290497

Mathematics Subject Classification ID

Bifurcation theory of functional-differential equations (34K18) Microeconomic theory (price theory and economic markets) (91B24)

Review text

Summary: This paper mainly modifies and further develops the Rayleigh price model. By modifying the basic Rayleigh model, we can more accurately illustrate the economic phenomena with price varying. First, we research the dynamics of the modified Rayleigh model with time delay. By employing the normal form theory and center manifold theory, we obtain some testable results on these issues. The conclusion confirms that a Hopf bifurcation occurs due to the existence of stability switches when the delay varies. Finally, some numerical simulations are given to illustrate the effectiveness of our results.

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Cites work

• Bifurcation analysis for Chen's system with delayed feedback and its application to control of chaos
• Bifurcation analysis in a scalar delay differential equation
• Coexistence in a Model of Competition in the Chemostat Incorporating Discrete Delays
• Hopf bifurcation analysis for the model of the chemostat with one species of organism
• Hopf bifurcation analysis in a model of oscillatory gene expression with delay
• scientific article; zbMATH DE number 2066160 (Why is no real title available?)
• LOCAL AND GLOBAL HOPF BIFURCATION IN A DELAYED HEMATOPOIESIS MODEL

Cited in

(5)

• Hopf bifurcation analysis in a modified price differential equation model with two delays
• Dynamic analysis of a delayed reaction-diffusion predator-prey system with modified Holling-Tanner functional response
• A time delayed differential equation model and its dynamic analysis for energy price
• Hopf and codimension two bifurcation in a price Rayleigh equation with two time delays
• scientific article; zbMATH DE number 6178728 (Why is no real title available?)

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