Dynamics Analysis of a Class of Delayed Economic Model

This investigation aims at developing a methodology to establish stability and bifurcation dynamics generated by a class of delayed economic model, whose state variable is described by the scalar delay differential equation of the form d2p(t)/dt2=−μδ(p(t))(dp(t)/dt)−μbp(t−τ1) −μ(a0p(t−τ2)/(a1+p(t−τ2...

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Bibliographic Details
Main Authors: Chuangxia Huang, Changlin Peng, Xiaohong Chen, Fenghua Wen
Format: Article
Language:English
Published: Hindawi Limited 2013-01-01
Series:Abstract and Applied Analysis
Online Access:http://dx.doi.org/10.1155/2013/962738