This paper is concerned with the Murray–Thomas model for interacting chemicals or species, under Robin boundary data. It is shown that the solutions are bounded and asymptotically converging toward an absorbing set of the phase-space. The stability of the positive constant steady states is...

Economics has been persistently criticized for its heavy reliance on unrealistic assumptions. Some people reply to this criticism by saying that the unrealistic assumptions of economics result from abstraction from unimportant details, and abstraction is necessary for knowledge of a complex real...