What is it about?
We address the dynamic of an energy price model in a more general approach.
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Why is it important?
We consider the possible existence of periodic orbits and different types of bifurcations and the interpretation of this dynamics in terms of the model under consideration.
Perspectives
Nonlinear dynamics theory is introduced into energy demand-supply economic system and scores great successes in model of energy demand-supply and energy price and its analysis.
Teodoro Lara Pulido
University of los Andes. Venezuela
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This page is a summary of: On the Dynamics of an Oil Price Model, ISRN Applied Mathematics, January 2014, Hindawi Publishing Corporation,
DOI: 10.1155/2014/375856.
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