DELAYED FEEDBACK CONTROL OF CHAOS IN ECONOMIC MODELS BASED ON QUASI-SLIDING MODE
In this paper the method of quasi-sliding mode control is extended via delayed feedback for stabilizing unstable fixed points of uncertain economic systems which exhibit chaotic behavior. This method, in contrast to quasi-sliding method proposed for such systems, doesn’t require the position of unstable fixed points. The control scheme is presented and the performance of the proposed approach is examined by applying it to two chaotic economic models, the Behrens Feichtinger and the Cournot duopoly model with complements goods. Simulation results show the effectiveness and feasibility of the method for chaos control in uncertain chaotic models.