The asymptotic behavior of dynamic rent-seeking games

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Show simple item record Chiarella, C Szidarovszky, F 2009-12-21T02:28:05Z 2002-01
dc.identifier.citation Computers and Mathematics with Applications, 2002, 43 (1-2), pp. 169 - 178
dc.identifier.issn 0898-1221
dc.identifier.other C1 en_US
dc.description.abstract Dynamic rent-seeking games with nonlinear cost functions are analyzed. The local asymptotic stability of the solution is first examined. We show that in the absence of a dominant agent, all eigenvalues of the Jacobian are real. Conditions are given for the local asymptotic stability as well as for the local instability of the equilibrium. In the presence of a dominant agent, complex eigenvalues are possible. Simple stability conditions are presented for cases when all eigenvalues are real, and the possibility of limit cycles is analyzed in the case of complex eigenvalues.
dc.language eng
dc.relation.isbasedon 10.1016/S0898-1221(01)00281-4
dc.title The asymptotic behavior of dynamic rent-seeking games
dc.type Journal Article
dc.description.version Published
dc.parent Computers and Mathematics with Applications
dc.journal.volume 1-2
dc.journal.volume 43
dc.journal.number 1/2 en_US
dc.publocation Oxford, UK en_US
dc.identifier.startpage 169 en_US
dc.identifier.endpage 178 en_US BUS.School of Finance and Economics en_US
dc.conference Verified OK en_US
dc.for 150205 Investment and Risk Management
dc.for 1502 Banking, Finance and Investment
dc.for 140199 Economic Theory Not Elsewhere Classified
dc.personcode 100815
dc.personcode 716350
dc.percentage 40 en_US Economic Theory not elsewhere classified en_US
dc.classification.type FOR-08 en_US
dc.description.keywords Bifurcation
dc.description.keywords Dynamic systems
dc.description.keywords Oligopoly
dc.description.keywords Stability
pubs.embargo.period Not known
pubs.organisational-group /University of Technology Sydney
pubs.organisational-group /University of Technology Sydney/Faculty of Business
pubs.organisational-group /University of Technology Sydney/Faculty of Business/Finance
pubs.organisational-group /University of Technology Sydney/Strength - Quantitative Finance
utslib.copyright.status Closed Access 2015-04-15 12:17:09.805752+10
pubs.consider-herdc true
utslib.collection.history Closed (ID: 3)

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