Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/30807 
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dc.contributor.authorKlarl, Torbenen
dc.date.accessioned2008-07-08-
dc.date.accessioned2010-05-14T08:40:39Z-
dc.date.available2010-05-14T08:40:39Z-
dc.date.issued2008-
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
dc.language.isoengen
dc.publisher|aUniversität Augsburg, Institut für Volkswirtschaftslehre |cAugsburgen
dc.relation.ispartofseries|aVolkswirtschaftliche Diskussionsreihe |x298en
dc.subject.jelB25en
dc.subject.jelC62en
dc.subject.ddc330en
dc.subject.keywordEvolutionary economicsen
dc.subject.keywordReplicator dynamicsen
dc.subject.stwEvolutionsökonomiken
dc.subject.stwIndustrieökonomiken
dc.subject.stwGleichgewichtsstabilitäten
dc.subject.stwTheorieen
dc.titleOn the stability of equilibria in replicator dynamics modelling: an application in industrial dynamics considering resource constraints-
dc.type|aWorking Paperen
dc.identifier.ppn571454267en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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