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We study a discrete-time financial market with a single constrained trader, competitive market makers, and noise traders. Within the class of linear equilibria, the equilibrium structure is shown to be uniquely determined by two state…

Mathematical Finance · Quantitative Finance 2025-08-15 Heeyoung Kwon , Jin Hyuk Choi

Relation between two properties of linear difference equations with infinite delay is investigated: (i) exponential stability, (ii) $\l^p$-input $\l^q$-state stability (sometimes is called Perron's property). The latter means that solutions…

Dynamical Systems · Mathematics 2012-11-29 Elena Braverman , Illya M. Karabash

Metastability is a phenomenon observed in stochastic systems which stay in a false-equilibrium within a region of its state space until the occurrence of a sequence of rare events that leads to an abrupt transition to a different region.…

General Economics · Economics 2023-12-18 Diego Marcondes , Adilson Simonis

In our manuscript, we develop a new approach for stability analysis of one-dimensional wave equation with time delay. The major contribution of our work is to develop a new method for spectral analysis. We derive sufficient and necessary…

Analysis of PDEs · Mathematics 2023-07-28 Shijie Zhou , Hongyinping Feng , Zhiqiang Wang

We present the linear-stability analysis of synchronised states in coupled time-delay systems. There exists a synchronisation threshold, for which we derive upper bounds, which does not depend on the delay time. We prove that at least for…

chao-dyn · Physics 2009-10-31 Martin J. Bünner , Wolfram Just

Suppose any solution of a linear impulsive delay differential equation $$ \dot{x} (t) + \sum_{i=1}^m A_i (t) x[h_i (t)] = 0,~t \geq 0, x(s) = 0, s < 0, $$ $$ x(\tau_j +0) = B_j x(\tau_j -0) + \alpha_j, ~j=1,2, ... ,$$ is bounded for any…

funct-an · Mathematics 2016-08-31 L. Berezansky , E. Braverman

We consider the scalar delayed differential equation $\ep\dot x(t)=-x(t)+f(x(t-r))$, where $\ep>0$, $r=r(x,\ep)$ and $f$ represents either a positive feedback $df/dx>0$ or a negative feedback $df/dx<0$. When the delay is a constant, i.e.…

Pattern Formation and Solitons · Physics 2012-03-20 Xavier Pellegrin , Clodoaldo Grotta Ragazzo , Coraci Malta , Khashayar Pakdaman

A simple non-autonomous scalar differential equation with delay, exponential decay, nonlinear negative feedback and a periodic multiplicative coefficient is considered. It is shown that stable slowly oscillating periodic solutions with the…

Dynamical Systems · Mathematics 2024-08-14 Anatoli Ivanov , Bernhard Lani-Wayda , Sergiy Shelyag

We discuss linear autonomous evolution equations on function spaces which have the property that a positive initial value leads to a solution which initially changes sign, but then becomes - and stays - positive again for sufficiently large…

Analysis of PDEs · Mathematics 2022-02-22 Jochen Glück

In this work, we investigate the existence of positive solutions for a multi-point boundary value problem for a second order delay differential equation. Under certain growth conditions on the nonlinearity, and by the mean of Leray-Schauder…

Analysis of PDEs · Mathematics 2018-01-09 Abdelkader Lakmeche , Horiya Habbaze , Ahmed Lakmeche

Systems of differential equations with state-dependent delay are considered. The delay dynamically depends on the state i.e. is governed by an additional differential equation. By applying the time transformations we arrive to constant…

Classical Analysis and ODEs · Mathematics 2017-06-29 A. V. Rezounenko

We consider a continuous-time financial market with no arbitrage and no transactions costs. In this setting, we introduce two types of perpetual contracts, one in which the payoff to the long side is a fixed function of the underlyers and…

Mathematical Finance · Quantitative Finance 2022-09-08 Guillermo Angeris , Tarun Chitra , Alex Evans , Matthew Lorig

We develop criteria for recurrence and transience of one-dimensional Markov processes which have jumps and oscillate between $+\infty$ and $-\infty$. The conditions are based on a Markov chain which only consists of jumps (overshoots) of…

Probability · Mathematics 2020-04-17 Björn Böttcher

The paper analyzes the interactions among one public firm and $n$ private firms on the market, in the framework of a discrete-time Cournot game with time delay. The production of the public firm is influenced by previous output levels of…

Dynamical Systems · Mathematics 2023-07-07 Loredana Camelia Culda , Eva Kaslik , Mihaela Neamtu

Stability of the zero solution plays an important role in the investigation of positive systems. In this note, we revisit the $\mu$-stability of positive nonlinear systems with unbounded time-varying delays. The system is modelled by…

Dynamical Systems · Mathematics 2015-05-29 xiwei Liu , Tianping Chen

An extension of the idea of state tameness is presented in a dynamic framework. The proposed model for financial markets is rich enough to provide analytical tools that are mostly obtained in models that arise as the solution of SDEs with…

Probability · Mathematics 2008-12-02 Jaime A. Londoño

Partial differential equations with discrete (concentrated) state-dependent delays are studied. The existence and uniqueness of solutions with initial data from a wider linear space is proven first and then a subset of the space of…

Analysis of PDEs · Mathematics 2010-11-11 Alexander V. Rezounenko , Petr Zagalak

We consider abstract evolution equations with on-off time delay feedback. Without the time delay term, the model is described by an exponentially stable semigroup. We show that, under appropriate conditions involving the delay term, the…

Analysis of PDEs · Mathematics 2017-02-12 Cristina Pignotti

Periodic patterns in dynamical behaviours of biological models described by simple form differential delay equations are studied. Mathematical models are given by a class of scalar delay differential equations with a multiplicative time…

Dynamical Systems · Mathematics 2025-10-01 A. Ivanov , S. Shelyag

We study a financial market where the risky asset is modelled by a geometric It\^o-L\'{e}vy process, with a singular drift term. This can for example model a situation where the asset price is partially controlled by a company which…

Mathematical Finance · Quantitative Finance 2020-08-24 Nacira Agram , Bernt Øksendal