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On the structure and the qualitative behavior of an economic model
Journal article   Open access  Peer reviewed

On the structure and the qualitative behavior of an economic model

Hamdy A. El-Metwally
Advances in difference equations, Vol.2013(1), pp.169-169
17/06/2013

Abstract

Mathematics Mathematics, Applied Physical Sciences Science & Technology
In this paper, we build an economic model of a non-linear system of difference equations and present a qualitative study for the obtained model, where a mathematical model of a bounded rationality multiple game with an exponential demand function will be introduced, and then we obtain the equilibrium points of the model and classify if they are locally stable or not. Also, we investigate the boundedness and global convergence of solutions for the obtained system.
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https://doi.org/10.1186/1687-1847-2013-169View
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