Nonlinear Dynamics and Multistability in a Cobweb Model

Figure 4

(a) Bifurcation diagram on varying the parameter of memory at . (b) Enlargement of the bifurcation diagram in a for different intervals of . (c) The basin of attraction of the period-6 cycle and the chaotic attractor at and . (d) The basin of attraction of the period-9 cycle appearing with a closed chaotic attractor at and . (e) The basin of attraction of the period-8 cycle appearing with a closed chaotic attractor at and . (f) The basin of attraction of the period-4 cycle appearing with a closed invariant curve at and . (g) The phase plane of different dynamic behaviors at and . (h) The stability region of the equilibrium price and the routes to chaos through flip and Neimark-Sacker using the values and .

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