Simplified complex dynamics in a Cobweb model with adaptive production adjustment Cover Image

Simplificare dinamica completă a modelului „Cobweb” cu ajustarea adaptiva a producţiei)
Simplified complex dynamics in a Cobweb model with adaptive production adjustment

Author(s): Liana Rodica Pater, Olivia Saierli
Subject(s): Economy
Published by: Editura Eurostampa
Keywords: Firs-order difference equation; cobweb diagram; fixed point

Summary/Abstract: We firstly make a short description of de concept of difference equation, equilibrium points, classification and the cobweb diagram. We will present an economical example for better understanding these concepts. Then we will simplify the cobweb model present by [OnSiYo]. We will analyse the new model and we will present some graph representations by using Mapple for sustain the theoretical results. We also suggest another model which can be analyzed in the same way.

  • Issue Year: XV/2009
  • Issue No: 15
  • Page Range: 468-478
  • Page Count: 11
  • Language: English
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