Global Hopf Bifurcation Analysis for a Time-Delayed Model of Asset Prices
2010 ◽
Vol 2010
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pp. 1-17
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Keyword(s):
A time-delayed model of speculative asset markets is investigated to discuss the effect of time delay and market fraction of the fundamentalists on the dynamics of asset prices. It proves that a sequence of Hopf bifurcations occurs at the positive equilibriumv, the fundamental price of the asset, as the parameters vary. The direction of the Hopf bifurcations and the stability of the bifurcating periodic solutions are determined using normal form method and center manifold theory. Global existence of periodic solutions is established combining a global Hopf bifurcation theorem with a Bendixson's criterion for higher-dimensional ordinary differential equations.
2007 ◽
Vol 17
(06)
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pp. 2149-2157
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2012 ◽
Vol 2012
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pp. 1-28
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2014 ◽
Vol 2014
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pp. 1-12
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2016 ◽
Vol 26
(03)
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pp. 1650047
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2016 ◽
Vol 26
(06)
◽
pp. 1650100
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2019 ◽
Vol 2019
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pp. 1-16
2012 ◽
Vol 05
(01)
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pp. 1250007
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2011 ◽
Vol 21
(03)
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pp. 711-724
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