Local asymptotic stability of optimal steady states

H.J.C. Huijberts, C.A.A.M. Withagen

Research output: Contribution to journalArticleAcademicpeer-review

3 Citations (Scopus)


This note provides a sufficient condition for steady states arising from economic optimal control models to be locally asymptotically stable. In particular, we show that if some submatrix of the matrix of eigenvectors of the corresponding Jacobian is invertible, the stable manifolds is locally y-parametrizable.
Original languageEnglish
Pages (from-to)7-11
Number of pages5
JournalEconomics Letters
Issue number1
Publication statusPublished - 1992


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