Stability analysis of a cobweb model with market interactions

DOI10.1016/j.amc.2009.07.053zbMath1188.91112OpenAlexW2094638660MaRDI QIDQ1039666

Roberto Dieci, Frank H. Westerhoff

Publication date: 23 November 2009

Published in: Applied Mathematics and Computation (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.amc.2009.07.053

zbMATH Keywords

stabilitybounded rationalitybifurcation analysiscobweb modelinteracting markets

Mathematics Subject Classification ID

Dynamical systems in optimization and economics (37N40) Economic dynamics (91B55)

Related Items (12)

Adjustable and fixed interest rates mortgage markets modelling ⋮ A cobweb model of land-use competition between food and bioenergy crops ⋮ Convergence of solutions for perturbed and unperturbed cobweb models with generalized Caputo derivative ⋮ Hopf bifurcation and stability crossing curves in a cobweb model with heterogeneous producers and time delays ⋮ A continuous-time heterogeneous duopoly model with delays ⋮ Credit market dynamics: a cobweb model ⋮ Contagion between asset markets: a two market heterogeneous agents model with destabilising spillover effects ⋮ Positive welfare effects of trade barriers in a dynamic partial equilibrium model ⋮ Dynamic analysis of the rental prices of long-rental apartments and ordinary rental housing based on the impact of long-rental apartment enterprises' competitive behaviors ⋮ Memory, market stability and attractors coexistence in a nonlinear cobweb model ⋮ Hopf bifurcation in a cobweb model with discrete time delays ⋮ Stability analysis of a cobweb model with market interactions

Cites Work

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• A robust rational route to randomness in a simple asset pricing model
• Stability analysis of a cobweb model with market interactions
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• Local convergence properties of a cobweb model with rationally heterogeneous expectations
• Dynamics of beliefs and learning under \(a_{L}\)-processes -- the heterogeneous case
• Tests for bounded rationality with a linear dynamic model distorted by heterogeneous expectations
• Heterogeneous beliefs and the non-linear cobweb model
• On information and market dynamics: The case of the U. S. beef market
• A Rational Route to Randomness
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