This paper establishes the conditions for existence, uniqueness, and exponentially asymptotically stability of periodic orbits of a dynamical system defined by a set of ordinary differential equations with discontinuous righthand side. Moreover, a formula for the basin of attraction is provided. These results equip economists with a set of tools, which will allow them to generate new analytic results.
|Journal||Nonlinear Analysis and Differential Equations|
|Publication status||Published - 11 Apr 2019|
Bibliographical noteThis article is distributed under the Creative Commons by-nc-nd Attribution License. Copyright © 2019 Hikari Ltd.
- Economic Equilibrium
- Dynamical Systems
- Exponential Asymptotic Stability