Economic Periodic Orbits: A Theory of Exponential Asymptotic Stability

Pascal Stiefenhofer; Peter Giesl

doi:10.12988/nade.2019.923

Economic Periodic Orbits: A Theory of Exponential Asymptotic Stability

Pascal Stiefenhofer, Peter Giesl

Research output: Contribution to journal › Article › peer-review

Abstract

This paper establishes the conditions for existence, uniqueness, and exponentially asymptotically stability of periodic orbits of a dynamical system defined by a set of ordinary differential equations with discontinuous righthand side. Moreover, a formula for the basin of attraction is provided. These results equip economists with a set of tools, which will allow them to generate new analytic results.

Original language	English
Pages (from-to)	9-16
Journal	Nonlinear Analysis and Differential Equations
Volume	7
Issue number	1
DOIs	https://doi.org/10.12988/nade.2019.923
Publication status	Published - 11 Apr 2019

Bibliographical note

Keywords

Economic Equilibrium
Dynamical Systems
Exponential Asymptotic Stability

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10.12988/nade.2019.923Licence: CC BY-NC-ND

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Economic Periodic Orbits: A Theory of Exponential Asymptotic Stability

Abstract

Bibliographical note

Keywords

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