On the Robust Control of Chaos in Cournot Economic Model with Complementary Goods

Hoda Sadeghian, Aria Alasty, Hassan Salarieh, Meradj Mortezapouraghdam

In this paper a robust controller is designed for stabilizing unstable fixed points of an uncertain chaotic economics system. The robust control scheme is presented and the performance of the proposed approach is examined by applying it to simple Cournot dynamic model with nonlinear reaction functions of by assuming complements goods. Simulation results show the effectiveness and feasibility of the method for chaos control in uncertain chaotic markets.

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