Price Dynamics of a Delay Differential Cobweb Model
The paper uses a new technique to find a unique solution to a delay differential cobweb model (formulated from a joint supply-demand function of price) with real model parameters via the Lambert W-function without considering any complex branches. The dynamics of the model are demonstrated with simu...
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| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Wiley
2023-01-01
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| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2023/1296562 |
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