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Hopf Bifurcation of a Differential‐Algebraic Bioeconomic Model with Time Delay

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  • Xiaojian Zhou
  • Xin Chen
  • Yongzhong Song

Abstract

We investigate the dynamics of a differential‐algebraic bioeconomic model with two time delays. Regarding time delay as a bifurcation parameter, we show that a sequence of Hopf bifurcations occur at the positive equilibrium as the delay increases. Using the theories of normal form and center manifold, we also give the explicit algorithm for determining the direction of the Hopf bifurcations and the stability of the bifurcating periodic solutions. Numerical tests are provided to verify our theoretical analysis.

Suggested Citation

  • Xiaojian Zhou & Xin Chen & Yongzhong Song, 2012. "Hopf Bifurcation of a Differential‐Algebraic Bioeconomic Model with Time Delay," Journal of Applied Mathematics, John Wiley & Sons, vol. 2012(1).
    • Handle: RePEc:wly:jnljam:v:2012:y:2012:i:1:n:768364
    DOI: 10.1155/2012/768364
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    1. Zhang, Xue & Zhang, Qing-Ling & Liu, Chao & Xiang, Zhong-Yi, 2009. "Bifurcations of a singular prey–predator economic model with time delay and stage structure," Chaos, Solitons & Fractals, Elsevier, vol. 42(3), pages 1485-1494.
    2. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Palgrave Macmillan Books, in: Chennat Gopalakrishnan (ed.), Classic Papers in Natural Resource Economics, chapter 9, pages 178-203, Palgrave Macmillan.
    3. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62(2), pages 124-124.
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