A Dynamic Economic Model with Discrete Time and Consumer Sentiment

The paper describes a dynamical economic model with discrete time and consumer sentiment in the deterministic and stochastic cases. We seek to demonstrate that consumer sentiment may create fluctuations in the economical activities. The model possesses a flip bifurcation and a Neimark-Sacker bifurca...

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Bibliographic Details
Main Authors: L. I. Dobrescu, M. Neamţu, A. L. Ciurdariu, D. Opriş
Format: Article
Language:English
Published: Wiley 2009-01-01
Series:Discrete Dynamics in Nature and Society
Online Access:http://dx.doi.org/10.1155/2009/509561
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