Status | 已發表Published |
Information Lag and Stability for Continuous Dynamics | |
Yang Zhang | |
2007 | |
Conference Name | Singapore Economic Review Conference (SERC) 2007 |
Source Publication | The Singapore Economic Review |
Conference Date | 2-4 AUGUST 2007 |
Conference Place | Meritus 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 Type | Conference paper |
Collection | Faculty of Business Administration |
Affiliation | University of Macau, Macau |
First Author Affilication | University 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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