Bubbling phenomenon in a discrete economic model for the interaction of demand and supply. (English) Zbl 1198.37147
Summary: We study rich dynamics of a nonlinear economic model. Chaotic and bubbling phenomena are shown by numerical simulation, which clearly parallels with phenomena from technology bubbling during 1999-2000, or economic bubbling such as in the global industry of real state/stock market/production (oil) market since 2006.
Editorial remark: There are doubts about a proper peer-reviewing procedure of this journal. The editor-in-chief has retired, but, according to a statement of the publisher, articles accepted under his guidance are published without additional control.
Editorial remark: There are doubts about a proper peer-reviewing procedure of this journal. The editor-in-chief has retired, but, according to a statement of the publisher, articles accepted under his guidance are published without additional control.
MSC:
| 37N40 | Dynamical systems in optimization and economics |
| 91B55 | Economic dynamics |
| 91B74 | Economic models of real-world systems (e.g., electricity markets, etc.) |
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