The analysis of the stochastic stability for an economic game
Dynamical Systems
2009-09-08 v1
Abstract
In this paper we investigate a stochastic model for an economic game. To describe this model we have used a Wiener process, as the noise has a stabilization effect. The dynamics are studied in terms of stochastic stability in the stationary state, by constructing the Lyapunov exponent, depending on the parameters that describe the model. Also, the Lyapunov function is determined in order to analyze the mean square stability. The numerical simulation that we did justifies the theoretical results.
Keywords
Cite
@article{arxiv.0909.1169,
title = {The analysis of the stochastic stability for an economic game},
author = {A. L. Ciurdariu and M. Neamtu and A. Sandru and D. Opris},
journal= {arXiv preprint arXiv:0909.1169},
year = {2009}
}
Comments
16 pages, 8 figures