International Scientific Publications
© 2020 Science Events Ltd
Terms of Use  ·  Privacy Policy
Choose language English French Russian Bulgarian
Conference room
Economy & Business 2021, 20th International Conference
22-25 August, Burgas, Bulgaria
Call for Papers

Economy & Business, Volume 10, 2016

STABILITY REGIONS FOR A DELAY COBWEB MODEL
Akio Matsumoto, Keiko Nakayama
Pages: 132-139
Published: 28 Aug 2016
Views: 1,295
Downloads: 379
Abstract: This paper aims to study how an information lag on price affects economics dynamics. To this end, it constructs a delay cobweb model to conduct stability analysis with respect to the length of time delay. It is demonstrated that there is a threshold value of time delay and a steady state is asymptotically stable, loses stability and bifurcates to a limit cycle via Hopf bifurcation when a time delay is less than, equal to and larger than the threshold value.
Keywords: information lag, cobweb dynamics, delay differential equation, stability switching curve, hopf bifurcation
Cite this article: Akio Matsumoto, Keiko Nakayama. STABILITY REGIONS FOR A DELAY COBWEB MODEL. Journal of International Scientific Publications: Economy & Business 10, 132-139 (2016). https://www.scientific-publications.net/en/article/1001227/
Download full text

Back to the contents of the volume
By using this site you agree to our Privacy Policy and Terms of Use. We use cookies, including for analytics, personalisation, and ads.