A Stochastic Cobweb Dynamical Model

Figure 7

(a) Three trajectories produced by the stochastic process defined by (2.3) for 𝑃₀=0.6 with probability one, 𝜇=2.9, 𝛾=0.5, 𝑞=0.6, and 𝜌=0; (b) Probability distributions at different time values for the model considered in panel (a). The probability distributions are approximated starting from a sample made of 1000 individuals.

(a)

(b)