Let
At low density, , so is the density-independent per-generation multiplication factor. The parameter has units of inverse population and sets the density scale at which crowding suppresses recruitment.
The fixed points satisfy . Besides extinction , for there is the positive fixed point
Since
its multiplier is
For every , , so fixed point stability for an iteration proves that is locally asymptotically stable.
Scale the population by . Then
The map increases on , decreases on , and has global maximum . Starting from therefore gives
For , writing gives
Thus . Since decreases on , and , while the global maximum gives . Hence . The cobweb plot consequently remains in this invariant interval after the first iterate, and both endpoints are attained at :
The printed bound cannot include , because when .

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