A Dynamic Economic Model with Discrete Time and Consumer Sentiment
Joint Authors
Neamţu, M.
Dobrescu, L. I.
Ciurdariu, A. L.
Opriş, D.
Source
Discrete Dynamics in Nature and Society
Issue
Vol. 2009, Issue 2009 (31 Dec. 2009), pp.1-18, 18 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2010-03-08
Country of Publication
Egypt
No. of Pages
18
Main Subjects
Abstract EN
The paper describes a dynamical economic model with discrete time and consumer sentiment in the deterministic and stochastic cases.
We seek to demonstrate that consumer sentiment may create fluctuations in the economical activities.
The model possesses a flip bifurcation and a Neimark-Sacker bifurcation, after which the stable state is replaced by a (quasi) periodic motion.
We associate the difference stochastic equation to the model by randomizing the control parameter d and by adding one stochastic control.
Numerical simulations are made for the deterministic and stochastic models, for different values of the control parameter d.
American Psychological Association (APA)
Dobrescu, L. I.& Neamţu, M.& Ciurdariu, A. L.& Opriş, D.. 2010. A Dynamic Economic Model with Discrete Time and Consumer Sentiment. Discrete Dynamics in Nature and Society،Vol. 2009, no. 2009, pp.1-18.
https://search.emarefa.net/detail/BIM-477332
Modern Language Association (MLA)
Dobrescu, L. I.…[et al.]. A Dynamic Economic Model with Discrete Time and Consumer Sentiment. Discrete Dynamics in Nature and Society No. 2009 (2009), pp.1-18.
https://search.emarefa.net/detail/BIM-477332
American Medical Association (AMA)
Dobrescu, L. I.& Neamţu, M.& Ciurdariu, A. L.& Opriş, D.. A Dynamic Economic Model with Discrete Time and Consumer Sentiment. Discrete Dynamics in Nature and Society. 2010. Vol. 2009, no. 2009, pp.1-18.
https://search.emarefa.net/detail/BIM-477332
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-477332