Convergence for difference equations with vanishing time-dependence, with applications to adaptive learning

B-Tier
Journal: Economic Theory
Year: 2000
Volume: 15
Issue: 3
Pages: 717-725

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We provide conditions for local stability and instability of an equilibrium point in certain systems of nonautonomous nonstochastic difference equations. In the systems under study the influence of time is present through a positive scalar "gain" parameter which converges in the limit to zero. These systems have recently been used to study the dynamics of adaptive learning in economic models, and we provide two economic illustrations of the formal results.

Technical Details

RePEc Handle
repec:spr:joecth:v:15:y:2000:i:3:p:717-725
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25