The competitive Lotka–Volterra equations are a simple model of the population dynamics of species competing for some common resource.  They can be further generalised to the Generalized Lotka–Volterra equation to include trophic interactions.

Overview
The form is similar to the Lotka–Volterra equations for predation in that the equation for each species has one term for self-interaction and one term for the interaction with other species.  In the equations for predation, the base population model is exponential.  For the competition equations, the logistic equation is the basis.

The logistic population model, when used by ecologists often takes the following form:

Here  is the size of the population at a given time,  is inherent per-capita growth rate, and  is the carrying capacity.

Two species
Given two populations,  and , with logistic dynamics, the Lotka–Volterra formulation adds an additional term to account for the species' interactions.  Thus the competitive Lotka–Volterra equations are:

Here,  represents the effect species 2 has on the population of species 1 and  represents the effect species 1 has on the population of species 2.  These values do not have to be equal.  Because this is the competitive version of the model, all interactions must be harmful (competition) and therefore all α-values are positive.  Also, note that each species can have its own growth rate and carrying capacity. A complete classification of this dynamics, even for all sign patterns of above coefficients, is available, which is based upon equivalence to the 3-type replicator equation.

N species
This model can be generalized to any number of species competing against each other.  One can think of the populations and growth rates as vectors, 's as a matrix.  Then the equation for any species  becomes

or, if the carrying capacity is pulled into the interaction matrix (this doesn't actually change the equations, only how the interaction matrix is defined),

where  is the total number of interacting species.  For simplicity all self-interacting terms  are often set to 1.

Possible dynamics
The definition of a competitive Lotka–Volterra system assumes that all values in the interaction matrix are positive or 0 ( for all , ).  If it is also assumed that the population of any species will increase in the absence of competition unless the population is already at the carrying capacity ( for all ), then some definite statements can be made about the behavior of the system.

 The populations of all species will be bounded between 0 and 1 at all times (, for all ) as long as the populations started out positive.
 Smale showed that Lotka–Volterra systems that meet the above conditions and have five or more species (N ≥ 5) can exhibit any asymptotic behavior, including a fixed point, a limit cycle, an n-torus, or attractors.
 Hirsch proved that all of the dynamics of the attractor occur on a manifold of dimension N−1.  This essentially says that the attractor cannot have dimension greater than N−1.  This is important because a limit cycle cannot exist in fewer than two dimensions, an n-torus cannot exist in less than n dimensions, and chaos cannot occur in less than three dimensions.  So, Hirsch proved that competitive Lotka–Volterra systems cannot exhibit a limit cycle for N < 3, or any torus or chaos for N < 4.  This is still in agreement with Smale that any dynamics can occur for N ≥ 5.
More specifically, Hirsch showed there is an invariant set C that is homeomorphic to the (N−1)-dimensional simplex  and is a global attractor of every point excluding the origin.  This carrying simplex contains all of the asymptotic dynamics of the system.
 To create a stable ecosystem the αij matrix must have all positive eigenvalues.  For large-N systems Lotka–Volterra models are either unstable or have low connectivity.  Kondoh and Ackland and Gallagher have independently shown that large, stable Lotka–Volterra systems arise if the elements of  (i.e. the features of the species) can evolve in accordance with natural selection.

4-dimensional example

A simple 4-dimensional example of a competitive Lotka–Volterra system has been characterized by Vano et al.  Here the growth rates and interaction matrix have been set to

with  for all . This system is chaotic and has a largest Lyapunov exponent of 0.0203.  From the theorems by Hirsch, it is one of the lowest-dimensional chaotic competitive Lotka–Volterra systems.  The Kaplan–Yorke dimension, a measure of the dimensionality of the attractor, is 2.074.  This value is not a whole number, indicative of the fractal structure inherent in a strange attractor.  The coexisting equilibrium point, the point at which all derivatives are equal to zero but that is not the origin, can be found by inverting the interaction matrix and multiplying by the unit column vector, and is equal to

Note that there are always  equilibrium points, but all others have at least one species' population equal to zero.

The eigenvalues of the system at this point are 0.0414±0.1903i, −0.3342, and −1.0319.  This point is unstable due to the positive value of the real part of the complex eigenvalue pair.  If the real part were negative, this point would be stable and the orbit would attract asymptotically.  The transition between these two states, where the real part of the complex eigenvalue pair is equal to zero, is called a Hopf bifurcation.

A detailed study of the parameter dependence of the dynamics was performed by Roques and Chekroun in.  
The authors observed that interaction and growth parameters leading respectively to extinction of three species, or coexistence of two, three or four species, are for the most part arranged in large regions with clear boundaries. As predicted by the theory, chaos was also found; taking place however over much smaller islands of the parameter space which causes difficulties in the identification of their location by a random search algorithm. These regions where chaos occurs are, in the three cases analyzed in, situated at the interface between a non-chaotic four species region and a region where extinction occurs. This implies a high sensitivity of biodiversity with respect to parameter variations in the chaotic regions. Additionally, in regions where extinction occurs which are adjacent to chaotic regions, the computation of local Lyapunov exponents  revealed that a possible cause of extinction is the overly strong fluctuations in species abundances induced by local chaos.

Spatial arrangements

Background
There are many situations where the strength of species' interactions depends on the physical distance of separation.  Imagine bee colonies in a field.  They will compete for food strongly with the colonies located near to them, weakly with further colonies, and not at all with colonies that are far away.  This doesn't mean, however, that those far colonies can be ignored.  There is a transitive effect that permeates through the system.  If colony A interacts with colony B, and B with C, then C affects A through B.  Therefore, if the competitive Lotka–Volterra equations are to be used for modeling such a system, they must incorporate this spatial structure.

Matrix organization
One possible way to incorporate this spatial structure is to modify the nature of the Lotka–Volterra equations to something like a 
reaction–diffusion system.  It is much easier, however, to keep the format of the equations the same and instead modify the interaction matrix.  For simplicity, consider a five species example where all of the species are aligned on a circle, and each interacts only with the two neighbors on either side with strength  and  respectively.  Thus, species 3 interacts only with species 2 and 4, species 1 interacts only with species 2 and 5, etc.  The interaction matrix will now be

If each species is identical in its interactions with neighboring species, then each row of the matrix is just a permutation of the first row.  A simple, but non-realistic, example of this type of system has been characterized by Sprott et al.  The coexisting equilibrium point for these systems has a very simple form given by the inverse of the sum of the row

Lyapunov functions
A Lyapunov function is a function of the system  whose existence in a system demonstrates stability.  It is often useful to imagine a Lyapunov function as the energy of the system.  If the derivative of the function is equal to zero for some orbit not including the equilibrium point, then that orbit is a stable attractor, but it must be either a limit cycle or n-torus - but not a strange attractor (this is because the largest Lyapunov exponent of a limit cycle and n-torus are zero while that of a strange attractor is positive).  If the derivative is less than zero everywhere except the equilibrium point, then the equilibrium point is a stable fixed point attractor.  When searching a dynamical system for non-fixed point attractors, the existence of a Lyapunov function can help eliminate regions of parameter space where these dynamics are impossible.

The spatial system introduced above has a Lyapunov function that has been explored by Wildenberg et al.  If all species are identical in their spatial interactions, then the interaction matrix is circulant.  The eigenvalues of a circulant matrix are given by

for  and where  the Nth root of unity.  Here  is the jth value in the first row of the circulant matrix.

The Lyapunov function exists if the real part of the eigenvalues are positive ( for ).  Consider the system where , , , and .  The Lyapunov function exists if

for .  Now, instead of having to integrate the system over thousands of time steps to see if any dynamics other than a fixed point attractor exist, one need only determine if the Lyapunov function exists (note: the absence of the Lyapunov function doesn't guarantee a limit cycle, torus, or chaos).

Example: Let , , and .  If  then all eigenvalues are negative and the only attractor is a fixed point.  If  then the real part of one of the complex eigenvalue pair becomes positive and there is a strange attractor.  The disappearance of this Lyapunov function coincides with a Hopf bifurcation.

Line systems and eigenvalues

It is also possible to arrange the species into a line.  The interaction matrix for this system is very similar to that of a circle except the interaction terms in the lower left and upper right of the matrix are deleted (those that describe the interactions between species 1 and N, etc.).

This change eliminates the Lyapunov function described above for the system on a circle, but most likely there are other Lyapunov functions that have not been discovered.

The eigenvalues of the circle system plotted in the complex plane form a trefoil shape.  The eigenvalues from a short line form a sideways Y, but those of a long line begin to resemble the trefoil shape of the circle.  This could be due to the fact that a long line is indistinguishable from a circle to those species far from the ends.

Notes

Chaotic maps
Equations
Population ecology
Community ecology
Population models