On the stability of dynamic processes in economic theory

  title={On the stability of dynamic processes in economic theory},
  author={Claude d'Aspremont and Jacques Dr{\`e}ze},
The notion of stability in the sense of Lyapunov is applied to economic dynamic processes of the Champsaur-Dreze-Henry type. Our purpose in this note is to fill a small gap in the literature concerning dynamic processes in economic theory, of the type presented by Champsaur, Dreze, and Henry [3]. Indeed, these authors do not discuss stability in the sense of Lyapunov [7]. However, a recent result of Maschler and Peleg [9] on this kind of stability (presented in a discrete model) can easily be… 

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