Nonlinear Cobweb Model with Time Delays
Akio Matsumoto, Keiko Nakayama
Available Online August 2015.
- https://doi.org/10.2991/msam-15.2015.91How to use a DOI?
- continuous time cobweb model; nonlinear price dynamics; production delay; stability switching; hopf bifurcation
- We study the effects of production delays on the local as well as on global dynamics of nonlinear Cobweb model in a continuous-time frame- work. After reviewing a single delay model, we proceed to two models with two delays. When the two delays are used to form an expected price or feedback for price adjustment, we have a winding stability switching curve and in consequence, obtain repetition of stability losses and gains via Hopf bifurcation.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Akio Matsumoto AU - Keiko Nakayama PY - 2015/08 DA - 2015/08 TI - Nonlinear Cobweb Model with Time Delays BT - 2015 International Conference on Modeling, Simulation and Applied Mathematics PB - Atlantis Press SN - 1951-6851 UR - https://doi.org/10.2991/msam-15.2015.91 DO - https://doi.org/10.2991/msam-15.2015.91 ID - Matsumoto2015/08 ER -