Global Hopf Bifurcation Analysis for a Time-Delayed Model of Asset Prices

Figure 3

Stable periodic solution of (P), where (a) with 𝜏=2.9>𝜏₀=2.885, (b) with 𝜏=10, (c) with 𝜏=20, and (d) with 𝜏=50.

(a)

(b)

(c)

(d)