Lyapunov stability in an evolutionary game theory model of the labour market

In this paper the existence and stability of equilibriums in an evolutionary game theory model of the labour market is studied by using the Lyapunov method. The model displays multiple equilibriums and it is shown that the Nash equilibriums of the static game are evolutionary stable equilibrium in the game theory evolutionary set up. A complete characterization of the dynamics of an evolutionary model of the labour market is provided.

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Year of publication:	2014
Authors:	Araujo, Ricardo Azevedo ; Moreira, Helmar Nunes
Published in:	Economia. - Associação dos Centros de Pós-Graduação em Economia - ANPEC, ISSN 1517-7580. - Vol. 15.2014, 1, p. 41-53
Publisher:	Associação dos Centros de Pós-Graduação em Economia - ANPEC
Subject:	Evolutionary game theory approach \| Labour market \| Informal economy \| Lyapunov function

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Extent:	text/html application/pdf
Type of publication:	Article
Notes:	Published
Classification:	E26 - Informal Economy; Underground Economy ; J62 - Occupational and Intergenerational Mobility ; C73 - Stochastic and Dynamic Games
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010780675