Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/30807
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dc.contributor.authorKlarl, Torbenen_US
dc.date.accessioned2008-07-08en_US
dc.date.accessioned2010-05-14T08:40:39Z-
dc.date.available2010-05-14T08:40:39Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/30807-
dc.description.abstractReplicator dynamic modelling (rdm) is used to discuss industrial evolution problems with heterogeneous agents. However, some of the models tend to be very complex and, therefore, analytical solutions cannot be obtained. Hence, the paper proposes to start with a relatively simple model and check its stability of the equilibria before expanding the model. This strategy is more effective than relying on simulation based studies where instability cannot be ruled out ex ante. Thus, the aim of this paper is to introduce a stability check for rdm, especially, if one ore more real Eigenvalues with value zero occur. Besides the (Strogatz, 1994) and (Hilborn, 1994) local stability theorem, this method provides an alternative and more flexible procedure for stability analysis for rdm. To apply this approach, an industrial replicator dynamic model containing three differential equations is set up.en_US
dc.language.isoengen_US
dc.publisher|aUniv., Inst. für Volkswirtschaftslehre|cAugsburgen_US
dc.relation.ispartofseries|aVolkswirtschaftliche Diskussionsreihe // Institut für Volkswirtschaftslehre der Universität Augsburg|x298en_US
dc.subject.jelB25en_US
dc.subject.jelC62en_US
dc.subject.ddc330en_US
dc.subject.keywordEvolutionary economicsen_US
dc.subject.keywordReplicator dynamicsen_US
dc.subject.stwEvolutionsökonomiken_US
dc.subject.stwIndustrieökonomiken_US
dc.subject.stwGleichgewichtsstabilitäten_US
dc.subject.stwTheorieen_US
dc.titleOn the stability of equilibria in replicator dynamics modelling: an application in industrial dynamics considering resource constraintsen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn571454267en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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