Lyapunov's direct method for stability of a set and its transitivity under a differential inclusion
Dai Zusai
No 3, TUPD Discussion Papers from Graduate School of Economics and Management, Tohoku University
Abstract:
We present a version of Lyapunov's direct method for stability of a set under a differential inclusion. We pay careful attention to the assumption of forward invariance of a basin of attraction, which is often overlooked when applying the method to local stability. Even if the value of a local Lyapunoov function monotonically changes in some neighborhood of the limit set, this alone does not prevent a trajectory from escaping from this particular neighborhood. In this note, we verify that we can construct a smaller but forward invariant neighborhood. As a corollary, we obtain a transitivity theorem on basins of attractions without requiring forward invariance.
Pages: 14 pages
Date: 2021-05
New Economics Papers: this item is included in nep-gth
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Persistent link: https://EconPapers.repec.org/RePEc:toh:tupdaa:3
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