An economic game with stochastic dynamics

Thumbnail Image

Date

Authors

Journal Title

Journal ISSN

Volume Title

Publisher

Abstract

Description

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. The numerical simulation that we did justifies the theoretical results.
13 pages, 8 figures

Keywords

Dynamical Systems, 34D08, 60H10, 91B70

Citation

URI

http://salesiana.dossiersoluciones.com/handle/123456789/231488

Consulte el texto completo en el siguiente enlace:

https://arxiv.org/abs/0905.4456
 http://arxiv.org/abs/0905.4456

Collections

arXiv