A. L. Ciurdariu

  1. The analysis of the stochastic stability for an economic game.

    Authors: M. Neamtu, D. Opris, A. L. Ciurdariu, A. Sandru
    Subjects: Dynamical Systems
    Abstract

    In this paper we investigate a stochastic model for an economic game. To
    describe this model we have used a Wiener process, as the noise has a
    stabilization effect. The dynamics are studied in terms of stochastic stability
    in the stationary state, by constructing the Lyapunov exponent, depending on
    the parameters that describe the model. Also, the Lyapunov function is
    determined in order to analyze the mean square stability. The numerical
    simulation that we did justifies the theoretical results.

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