Memory, market stability and attractors coexistence in a nonlinear cobweb model

DOI10.1080/10236198.2016.1142540zbMath1386.91092OpenAlexW2284212912MaRDI QIDQ2816618

Nicolò Pecora, Ahmad K. Naimzada

Publication date: 25 August 2016

Published in: Journal of Difference Equations and Applications (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/10281/107327

zbMATH Keywords

stabilitybifurcation analysismemoryArnold tonguesattractors coexistencecobweb model

Mathematics Subject Classification ID

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

Related Items (2)

A cobweb model with gradient adjustment mechanism: nonlinear dynamics and multistability ⋮ Nonlinear dynamics and adjunct profits in two boundedly rational models of monopoly

Cites Work

• Adaptive learning and roads to chaos. The case of the cobweb
• Memory and market stability: the case of the cobweb
• Stability analysis of a cobweb model with market interactions
• Bifurcations of circle maps: Arnol'd tongues, bistability and rotation intervals
• On lags and chaos in economic dynamic models
• IS MORE MEMORY IN EVOLUTIONARY SELECTION (DE)STABILIZING?
• MEMORY EFFECTS IN DISCRETE DYNAMICAL SYSTEMS

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