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Information Lag and Stability for Continuous Dynamics
Yang Zhang
2007
Conference NameSingapore Economic Review Conference (SERC) 2007
Source PublicationThe Singapore Economic Review
Conference Date2-4 AUGUST 2007
Conference PlaceMeritus Mandarin Singapore
Other Abstract

The impact of information improvement on stability will be examined for continuous dynamics. It is conventionally believed that removal of uncertainty always brings additional stability to an existing equilibrium. 133 This research however shows that a relationship between information and equilibrium stability may not be monotonic. Indeed removal of information lag may sometimes destabilize the otherwise stable continuous model. Focusing on two-dimensional continuous dynamics, the paper explores the stability condition in theory and numerically, the conclusion drawn on which can be generalized to multiple-dimensional system.

Language英語English
Document TypeConference paper
CollectionFaculty of Business Administration
AffiliationUniversity of Macau, Macau
First Author AffilicationUniversity of Macau
Recommended Citation
GB/T 7714
Yang Zhang. Information Lag and Stability for Continuous Dynamics[C], 2007.
APA Yang Zhang.(2007). Information Lag and Stability for Continuous Dynamics. The Singapore Economic Review.
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