Journal
COMPUTERS & MATHEMATICS WITH APPLICATIONS
Volume 60, Issue 11, Pages 2936-2952Publisher
PERGAMON-ELSEVIER SCIENCE LTD
DOI: 10.1016/j.camwa.2010.09.054
Keywords
Dynamic game; Cournot oligopoly; Nash equilibrium; Robust stability; Small gain
Categories
Funding
- NSF [ECS-0093176, DMS-0906659]
Ask authors/readers for more resources
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. (C) 2010 Elsevier Ltd. All rights reserved.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available