The generalised Lotka-Volterra equations can represent competition and predation, depending on the values of the parameters, as described below. They are less suitable for describing mutualism. The values of are the intrinsic birth or death rates of the species. A positive value for means that species i is able to reproduce in the absence of any other species, whereas a negative value means that its population will decline unless the appropriate other species are present. The values of the matrix A represent the relationships between the species. The value of represents the effect that species j has upon species i. The effect is proportional to the populations of both species, as well as to the value of. Thus, if both and are negative then the two species are said to be in direct competition with one another, since they each have a direct negative effect on the other's population. If is positive but is negative then species i is considered to be a predator on species j, since i's population grows at j's expense. Positive values for both and would be considered mutualism. However, this is not often used in practice, because it can make it possible for both species' populations to grow indefinitely. Indirect negative and positive effects are also possible. For example, if two predators eat the same prey then they compete indirectly, even though they might not have a direct competition term in the community matrix. The diagonal terms are usually taken to be negative. This self-limitation prevents populations from growing indefinitely.
Dynamics and solutions
The generalised Lotka-Volterra equations are capable of a wide variety of dynamics, including limit cycles and chaos as well as point attractors. As with any set of ODEs, fixed points can be found by setting to 0 for all i, which gives, if no species is extinct, i.e., if for all, This may or may not have positive values for all the ; if it does not then there is no stable attractor for which the populations of all species are positive. If there is a fixed point with all positive populations it may or may not be stable; if it is unstable then there may or may not be a periodic or chaotic attractor for which all the populations remain positive. In either case there can also be attractors for which some of the populations are zero and others are positive. is always a fixed point, corresponding to the absence of all species. For species, a complete classification of this dynamics, for all sign patterns of above coefficients, is available, which is based upon equivalence to the 3-type replicator equation.
Alternative views
A credible, simple alternative to the Lotka-Volterra predator–prey model and their common prey dependent generalizations is the ratio dependent or Arditi-Ginzburg model. The two are the extremes of the spectrum of predator interference models. According to the authors of the alternative view, the data show that true interactions in nature are so far from the Lotka-Volterra extreme on the interference spectrum that the model can simply be discounted as wrong. They are much closer to the ratio dependent extreme, so if a simple model is needed one can use the Arditi-Ginzburg model as the first approximation.
