Lyapunov stability in an evolutionary game theory model of the labour market

Ricardo Araujo and Helmar Moreira

Economia, 2014, vol. 15, issue 1, 41_53

Abstract: In this paper the existence and stability of equilibriums in an evolutionary game theory model of the labour market is studied by using the Lyapunov method. The model displays multiple equilibriums and it is shown that the Nash equilibriums of the static game are evolutionary stable equilibrium in the game theory evolutionary set up. A complete characterization of the dynamics of an evolutionary model of the labour market is provided.

Keywords: Evolutionary game theory approach; Labour market; Informal economy; Lyapunov function (search for similar items in EconPapers)
JEL-codes: C73 E26 J62 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (6)

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Related works:
Working Paper: Lyapunov stability in an evolutionary game theory model of the labor market (2011)
Working Paper: Lyapunov stability in an evolutionary game theory model of the labor market (2011)
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