A population of prey (rabbits) and a population of predators (foxes). Rabbits multiply; foxes eat rabbits and multiply when fed; foxes starve when rabbits are gone; rabbits explode when foxes thin out. The system oscillates forever: closed loops in phase space, with explicit period and amplitude determined by initial conditions.
dR/dt = α R − β R F (rabbits grow exponentially, die when foxes eat them)dF/dt = δ R F − γ F (foxes grow when fed, die when starving)
V(R, F) = δR − γ ln R + βF − α ln F is constant along trajectories. So orbits are closed curves in (R, F) phase space — populations cycle forever.
R* = γ/δ, F* = α/β. This is a center (neutral stability) in the linearized analysis: small perturbations don't grow or decay, they orbit. In real biology, noise eventually washes out the cycles — but Volterra's actual data on Adriatic fish populations 1914-23 showed three full oscillations matching this model.
T = 2π/√(αγ).