A Mathematical Model of Demand-Supply Dynamics with Collectability and Saturation Factors

DOI10.1142/S021812741750016XzbMath1358.34053arXiv1606.06720OpenAlexW2466304140MaRDI QIDQ2973275

Hong Yang, Y. Charles Li

Publication date: 3 April 2017

Published in: International Journal of Bifurcation and Chaos (Search for Journal in Brave)

Full work available at URL: https://arxiv.org/abs/1606.06720

zbMATH Keywords

chaosheteroclinic cycleMelnikov functionmarket equilibriumcompetitive marketlaw of demandlaw of supply

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42) Qualitative investigation and simulation of ordinary differential equation models (34C60) Complex behavior and chaotic systems of ordinary differential equations (34C28) Homoclinic and heteroclinic solutions to ordinary differential equations (34C37)

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Cites Work

• Efficiency loss in a Cournot oligopoly with convex market demand
• Probabilistic assignment problem with multi-unit demands: a generalization of the serial rule and its characterization
• New Keynesian monopolistic competition and objective demand
• Optimal oil production and the world supply of oil
• How should monetary policy respond to changes in the relative price of oil? Considering supply and demand shocks
• Risk shocks and housing supply: a quantitative analysis

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