@article{oai:chuo-u.repo.nii.ac.jp:00006729,
 author = {MATSUMOTO, Akio and SZIDAROVSZKY, Ferenc},
 journal = {経済研究所 Discussion Paper, IERCU Discussion Paper},
 month = {Jan},
 note = {application/pdf, We study the effects of production delays on the local as well as on global dynamics of nonlinear Cobweb model in a continuous-time framework.  After reviewing a single delay model, we proceed to two model with two delays. When the two delays are used to form an expected price or feedback for price adjustment, we have a winding stability switching curve and in consequence, obtain repetition of stability losses and gains via Hopf bifurcation. When the two delays are involved in two interrelated markets, we find that the stability switchings occur on straight lines and complicated dynamics can arise in unstable markets.},
 title = {Nonlinear Cobweb Model with Production Delays},
 volume = {243},
 year = {2015}
}