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It is well known that an upper semi-continuous compact- and convex-valued mapping fi from a nonempty compact and convex set X to the Euclidean space of which X is a subset has at least one stationary point, being a point in X at which the image fi(x) has a nonempty intersection with the normal...
Persistent link: https://www.econbiz.de/10011327822
all players. Further, the question of stability of such a distribution is studied. …
Persistent link: https://www.econbiz.de/10011539636
In a seminal 1972 paper, Robert M. May asked: "Will a Large Complex System Be Stable?" and argued that stability (of a … describe highlights in the development of our present understanding of stability and complexity in network systems, in order to …
Persistent link: https://www.econbiz.de/10012291950
relies on the notion of T-processes and applies results on the stability of Markovian processes from Meyn and Tweedie (1993a …
Persistent link: https://www.econbiz.de/10011941404
This paper examines the stability of balanced paths of expansion or contraction in closed macroeconomic models as … discussed. The appendix presents the mathematical tools and concepts to prove the stability of expanding/contracting paths in … international trade, or monetary macro, conditions of existence and stability are obtained applying the features of the non …
Persistent link: https://www.econbiz.de/10012011755
and stability are influenced in a decisive way by fiscal and monetary parameters determining steady state inflation rates …
Persistent link: https://www.econbiz.de/10011903801
We explore the possibility of designing matching mechanisms that can accommodate non-standard choice behavior. We pin down the necessary and sufficient conditions on participants’ choice behavior for the existence of stable and incentive compatible mechanisms. Our results imply that...
Persistent link: https://www.econbiz.de/10013460341
-time mathematical finance version. Applications are concerned with simulation studies of the market dynamics, empirical estimation of …
Persistent link: https://www.econbiz.de/10003961707
part of the paper presents some simulation studies of the evolution of prices, output, employment and wage structures …
Persistent link: https://www.econbiz.de/10009750242
tendency to be inegalitarian. -- Existence and Stability of Equilibria ; Evolutionary Games ; Behavior ; Simulation Modeling …
Persistent link: https://www.econbiz.de/10009702290