Equilibrium and disequilibrium dynamics in cobweb models with time delays

DOI10.1142/S0218127415500881MaRDI QIDQ5499897zbMATH OpenOpenAlexFDO

Authors Luca Gori, Luca Guerrini, M. Sodini

Publication date 5 August 2015

Published in International Journal of Bifurcation and Chaos in Applied Sciences and Engineering (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1142/s0218127415500881

zbMATH Keywords

equilibrium and disequilibrium price dynamicsnonlinear cobweb modeltime delays

Mathematics Subject Classification ID

Bifurcation theory of functional-differential equations (34K18) Stability theory of functional-differential equations (34K20) Qualitative investigation and simulation of models involving functional-differential equations (34K60) Microeconomic theory (price theory and economic markets) (91B24) Economic dynamics (91B55)

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Cites work

• A Rational Route to Randomness
• A stochastic cobweb dynamical model
• Adaptive learning and roads to chaos. The case of the cobweb
• Chaotic price behavior in a nonlinear cobweb model
• Determining Lyapunov exponents from a time series
• Discrete and continuous dynamics in nonlinear monopolies
• Effect of delay time on the generation of chaos in continuous systems. One-dimensional model. Two-dimensional model -- tubular chemical reactor with recycle
• Endogenous growth and time-to-build: the AK case
• scientific article; zbMATH DE number 3163006 (Why is no real title available?)
• Irregular cobweb dynamics
• Nonlinear dynamics in a Solow model with delay and non-convex technology
• Stability, chaos and multiple attractors: a single agent makes a difference
• Synchronization, intermittency and critical curves in a duopoly game
• Time-to-build and cycles
• Vintage capital and the dynamics of the AK model

Cited in

(15)

• The asymptotic behavior in a nonlinear cobweb model with time delays
• Stability and bifurcation analysis for a class of generalized reaction-diffusion neural networks with time delay
• Production delays, supply distortions and endogenous price dynamics
• A comparative study of the stability of some fractional-order cobweb economic models
• Bifurcation structures of a cobweb model with memory and competing technologies
• Caputo fractional continuous cobweb models
• Hopf bifurcation in a cobweb model with discrete time delays
• A time delayed differential equation model and its dynamic analysis for energy price
• scientific article; zbMATH DE number 1779432 (Why is no real title available?)
• A cobweb model with gradient adjustment mechanism: nonlinear dynamics and multistability
• scientific article; zbMATH DE number 5259938 (Why is no real title available?)
• Determining the long-run equilibrium price by the mean reversion process and the cobweb model
• Price dynamics of a delay differential cobweb model
• Fractional-order delay cobweb model and its price dynamics
• Hopf bifurcation and stability crossing curves in a cobweb model with heterogeneous producers and time delays

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