Laplace transform method for economic models with constant proportional caputo derivative

Abstract

In this study, we solved the economic models based on market equilibrium with constant proportional Caputo derivative using the Laplace transform. We proved the accuracy and efficiency of the method. We constructed the relations between the solutions of the problems and bivariate Mittag–Leffler functions. © 2020 by the authors. Licensee MDPI, Basel, Switzerland.