A turnpike property of trajectories of dynamical systems with a Lyapunov function

In this paper, we study the structure of trajectories of discrete disperse dynamical systems with a Lyapunov function which are generated by set-valued mappings. We establish a weak version of the turnpike property which holds for all trajectories of such dynamical systems which are of a sufficient length. This result is usually true for models of economic growth which are prototypes of our dynamical systems.

MoreLess

Year of publication:	2020
Authors:	Zaslavskij, Aleksandr J.
Published in:	Games. - Basel : MDPI, ISSN 2073-4336. - Vol. 11.2020, 4, p. 1-8
Publisher:	Basel : MDPI
Subject:	compact metric space \| global attractor \| lyapunov function \| set-valued mapping \| turnpike

More details

Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.3390/g11040063 [DOI] 1749079828 [GVK] hdl:10419/257481 [Handle]
Source:	EconStor

Persistent link: https://www.econbiz.de/10013200061