Notes on the stability of dynamic economic systems.

DOI10.1016/S0096-3003(98)10140-6MaRDI QIDQ1569161zbMATH OpenOpenAlexFDO

Authors Weiye Li, F. Szidarovszky, Yang Kuang

Publication date 25 June 2000

Published in Applied Mathematics and Computation (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/s0096-3003(98)10140-6

zbMATH Keywords

asymptotic stabilitydiscrete dynamical systemsglobal stabilityLyapunov functionLyapunov stability

Mathematics Subject Classification ID

Stability of solutions to ordinary differential equations (34D20) Global stability of solutions to ordinary differential equations (34D23) Economic growth models (91B62)

Review text

In the note the stability of an equilibrium of discrete dynamical systems \[ x\to g(x),\quad x,g(x)\in S\subseteq\mathbb R^n \] is studied. It is shown that the slightly relaxed versions of the well known sufficient conditions of the Lyapunov stability, asymptotic or global asymptotic stability based on the method of Lyapunov functions are also necessary.

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Cites work

• A note on the stability of a Cournot-Nash equilibrium: the multiproduct case with adaptive expectations
• An elementary result in the stability theory of time-invariant nonlinear discrete dynamical systems
• Differential equations: Stability, oscillations, time lags
• scientific article; zbMATH DE number 256194 (Why is no real title available?)
• Principles and procedures of numerical analysis
• Stability of a Cournot-Nash equilibrium: The multiproduct case
• The theory of oligopoly with multi-product firms

Cited in

(16)

• An elementary result in the stability theory of time-invariant nonlinear discrete dynamical systems
• The system stability of dynamic processes
• A note on national income in a dynamic economy
• Investigation of stability of nonlinear continuous-discrete models of economic dynamics using vector Lyapunov function. II
• On a bilinear operator free third order method on Riemannian manifolds
• Some notes on the asymptotical stability of dynamic economic systems
• The study of the stability of some dynamical systems with application in economy using geometrical methods
• Some results on relative stability of discrete dynamical systems
• Traub-type high order iterative procedures on Riemannian manifolds
• On the investigation of dynamic models of social-economic system on stability with respect a part of variables
• On local relative stability. With special reference to economic applications
• Convergence of the generalized Steffensen method in Riemannian manifolds
• Steffensen-like method in Riemannian manifolds
• Convergence of Steffensen's method in Riemannian manifolds
• Investigation of stability of nonlinear continuous-discrete models of economic dynamics using vector Lyapunov function. I
• Stability of command economies

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