Bifurcation structures of a two-dimensional piecewise linear discontinuous map: analysis of a cobweb model with regime-switching expectations
Sign Up to like & getrecommendations! Published in 2024 at "Nonlinear Dynamics"
DOI: 10.1007/s11071-024-09545-4
Abstract: We consider the bifurcations occurring in a two-dimensional piecewise-linear discontinuous map that describes the dynamics of a cobweb model in which firms rely on a regime-switching expectation rule. In three different partitions of the phase… read more here.
Keywords: discontinuous map; piecewise linear; two dimensional; linear discontinuous ... See more keywords
Equilibrium stability in a nonlinear cobweb model
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DOI: 10.1016/j.econlet.2020.109130
Abstract: Abstract We demonstrate existence, and stability under adaptive learning, of restricted perceptions equilibria in a nonlinear cobweb model. read more here.
Keywords: equilibrium stability; nonlinear cobweb; stability nonlinear; cobweb model ... See more keywords
When cobweb meets oligopoly
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DOI: 10.1108/caer-01-2024-0005
Abstract: PurposeThe purpose of this paper is to present an oligopolistic version of the cobweb model that departs from the strict assumptions of perfect competition in the traditional cobweb model.Design/methodology/approachIntroducing a model where n identical producers… read more here.
Keywords: perfect competition; model; market; cobweb model ... See more keywords