Publication in refereed journal
香港中文大学研究人员 ( 现职)
| 邝启新教授 (经济学系) |
全文
| 数位物件识别号 (DOI) http://dx.doi.org/10.1016/j.jet.2013.10.004 |
引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/0WOS source URL
其它资讯
摘要This paper establishes a correspondence principle in a system of cooperative differential equations. Equilibria that are locally asymptotically stable must exhibit monotone comparative statics. In a wider context, all equilibria that exhibit monotone comparative statics are locally asymptotically stable. The orbits of such systems are nondecreasing in the parameter and the adjustment dynamics after a parameter change are monotone and convergent to a unique limit. Our results can be applied to such models as adaptive play in games with strategic complementarities, stochastic fictitious play in supermodular games, and the Matsuyama [6] model of global financial market liberalization with multiple capital goods. (C) 2http://aims.cuhk.edu.hk/converis/portal/Publication/013 Elsevier Inc. All rights reserved.
着者Kwong KS
期刊名称Journal of Economic Theory
出版年份2http://aims.cuhk.edu.hk/converis/portal/Publication/014
月份3
日期1
卷号15http://aims.cuhk.edu.hk/converis/portal/Publication/0
出版社Elsevier
页次878 - 887
国际标準期刊号http://aims.cuhk.edu.hk/converis/portal/Publication/0http://aims.cuhk.edu.hk/converis/portal/Publication/022-http://aims.cuhk.edu.hk/converis/portal/Publication/0531
电子国际标準期刊号1http://aims.cuhk.edu.hk/converis/portal/Publication/095-7235
语言英式英语
关键词Asymptotic stability; Correspondence principle; Differential equations; Monotone comparative statics
Web of Science 学科类别Business & Economics; Economics
