On the Dynamics of an Oil Price Model. (5th March 2014)

• Record Type: Journal Article
• Authors: Lara, Teodoro
• Other Names: Huang Z. Academic Editor.; Liu X. Academic Editor.
• Is Part Of: ISRN applied mathematics. Volume 2014(2014)
• Publication Date: 2014-03-05
• Subjects: Mathematics -- Periodicals; Mathematics; Periodicals; Electronic journals; 510
• DOI: 10.1155/2014/375856
• Languages: English
• ISSNs: 2090-5564

Abstract

Abstract : We address the dynamic of an energy price model in a more general approach; to our knowledge, in previous works, different conditions are imposed on the energy price function at a particular value in order to characterize stability and unstability for real or complex eigenvalues. Nonexistence of periodic orbits is shown by means of Dulac's criterion; we also exhibit some pictures of solutions. Finally we modify this model and apply it to some particular cases in Venezuela economy.