Open AccessGlobal convergence and uniform bounds of fluctuating prices in a single commodity market model of Bélair and Mackey
Author(s) -
Gergely Röst
Publication year - 2012
Publication title -
electronic journal of qualitative theory of differential equations
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.524
H-Index - 33
ISSN - 1417-3875
DOI - 10.14232/ejqtde.2012.1.26
Subject(s) - convergence (economics) , mathematics , commodity , mathematical economics , economics , finance , economic growth
We extend the analysis of the global dynamics for a special class of single commodity market models introduced by Bélair and Mackey. In particular, we determine uniform asymptotic bounds for the fluctuating price, and give sufficient conditions for the global convergence to the positive equilibrium.
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