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Study on self-adaptive proportional control method for a class of output models. (English) Zbl 1153.91661
Summary: In this paper, self-adaptive proportional control method in economic chaotic system is discussed. It is not necessarily required for the fixed point having stable manifold in the method we used. One can stabilize chaos via time-dependent adjustments of control parameters; also can suppress chaos by adjusting external control signals. Two kinds of chaos about the output systems in duopoly are stabilized in a neighborhood of an unstable fixed point by using the chaos controlling method. The results show that performances of the system are improved by controlling chaos. Furthermore, their applications in practice are presented. The results also show that players can control chaos by adjusting their planned output or variable cost per unit according to the sign of marginal profit.
91B62Growth models in economics
91A052-person games
93D99Stability of control systems