Hopf Bifurcation in a Cobweb Model with Discrete Time Delays
We develop a cobweb model with discrete time delays that characterise the length of production cycle. We assume a market comprised of homogeneous producers that operate as adapters by taking the (expected) profit-maximising quantity as a target to adjust production and consumers with a marginal will...
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| Autori principali: | , , |
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| Natura: | Artigo |
| Lingua: | Inglês |
| Pubblicazione: |
Wiley
2014-01-01
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| Serie: | Discrete Dynamics in Nature and Society |
| Accesso online: | http://dx.doi.org/10.1155/2014/137090 |
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