Stability of nonlinear homogeneous difference equations

DOI10.1016/0022-0531(85)90070-5MaRDI QIDQ802086zbMATH OpenOpenAlexFDO

Authors Takao Fujimoto

Publication date 1985

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0022-0531(85)90070-5

zbMATH Keywords

nonlinear difference equationPerron-Frobenius theorem

Mathematics Subject Classification ID

Review text

The paper deals with nonlinear n-th order difference equations of the form \[ z_ t=H(z_{t-1},z_{t-2},...,z_{t-n}) \] where the function H is positively homogeneous of degree one, nondecreasing in each variable and strictly increasing in the first and the last variable. The main result is that under those conditions the equation is relatively stable, i.e. each solution \(z_ t\) with nonnegative nonzero initial vector satisfies the relation \(\lim_{t\to \infty}z_ t/\lambda^ t=c\) with positive constants c and \(\lambda\), the latter being independent of the initial values. Applications and modifications of this result conclude the paper.

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Cites work

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(12)

• Stability problem of some nonlinear difference equations
• Stability of solutions of linear nonautonomous difference equations
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• Stability Of The Homogeneous Equation
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• Stability trichotomy, path stability, and relative stability for positive nonlinear difference equations of higher order
• Convergence in homogeneous difference equations of degree 1
• scientific article; zbMATH DE number 970124 (Why is no real title available?)
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• Stable solutions to homogeneous difference-differential equations with constant coefficients: Analytical instruments and an application to monetary theory.
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