Fractional‐Order Delay Cobweb Model and Its Price Dynamics
Martin Anokye,
Benedict Barnes,
Samuel E. Assabil
et al.
Abstract:This study compares the price dynamics of a Caputo fractional order delay differential cobweb model with existing cobweb models that have conformable fractional derivatives, Caputo fractional derivatives, and nonsingular kernel fractional derivatives to determine the effect of the time delay parameter on commodity price, besides the positivity of the solution that was investigated. In contrast to previous research, the stability study shows the practical usefulness of our model since the literature’s various t… Show more
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