We exploit a modified Rosenzweig-Mac Arthur ODE system in order to model a market in which innovative products are launched according to a growth function influenced by both producers and consumers. Interesting properties of the related dynamics, such as the uniqueness of a limit cycle, can easily be proved.
G. Barbiroli, A. Palestini, D. Ritelli (2007). Dynamical analysis of a demand governed market in relation to innovative commodities. APPLIED SCIENCES, 9, 22-32.
Dynamical analysis of a demand governed market in relation to innovative commodities
BARBIROLI, GIANCARLO;PALESTINI, ARSEN;RITELLI, DANIELE
2007
Abstract
We exploit a modified Rosenzweig-Mac Arthur ODE system in order to model a market in which innovative products are launched according to a growth function influenced by both producers and consumers. Interesting properties of the related dynamics, such as the uniqueness of a limit cycle, can easily be proved.File in questo prodotto:
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