Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
469081 | Computers & Mathematics with Applications | 2010 | 17 Pages |
Abstract
This paper develops a novel methodology to study robust stability properties of Nash equilibrium points in dynamic games. Small-gain techniques in modern mathematical control theory are used for the first time to derive conditions guaranteeing uniqueness and global asymptotic stability of a Nash equilibrium point for economic models described by functional difference equations. Specification to a Cournot oligopoly game is studied in detail to demonstrate the power of the proposed methodology.
Related Topics
Physical Sciences and Engineering
Computer Science
Computer Science (General)
Authors
Iasson Karafyllis, Zhong-Ping Jiang, George Athanasiou,