a , ; "Invariant Distributions for Monotone Markov Processes"; ; "batchuser@example.com"; "Hopenhayn, Hugo Andres", "Prescott, Edward C."; "Federal Reserve Bank of Minneapolis"; "Monotone Markov process", "Stochastic optimization", "Invariant Markov process"; "C61 - Mathematical methods and programming - Optimization techniques ; Programming models ; Dynamic analysis"; "The existence of fixed points for monotone maps on spaces of measures is established. The case of monotone Markov processes is analyzed and a uniqueness and global stability condition is developed. A comparative statics result is presented and the problem of approximation to the invariant distribution is discussed. The conditions of the theorems are verified for the cases of Optimal Stochastic Growth and Industry Equilibrium."^^; "Invariant distributions for discontinuous monotone Markov processes / Hugo A. Hopenhayn, Edward C. Prescott.", "Stochastic monotonicity and stationary distributions for dynamic economies / Hugo A. Hopenhayn, Edward C. Prescott.", "On existence and uniqueness of stationary distributions without continuity / Hugo Hopenhayn, Edward Prescott."; "1986-08"; "2018-03-13T20:52:27.373895147+00:00"^^; ; "19870900fedmwp374", "19921100eco6006"; "https://creativecommons.org/licenses/by-nc/4.0/"; "2020-06-08T16:56:43.474841933+00:00"^^; "19860300fedmwp299"; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "344", "628"; "Working paper (Federal Reserve Bank of Minneapolis. Research Department)"; "374"; "Invariant Markov process", "Monotone Markov process", "Stochastic optimization"; "Federal Reserve Bank of Minneapolis. Research Department"; "Published as \"Stochastic Monotonicity and Stationary Distributions for Dynamic Economies\" in _Econometrica_ (Vol. 60, No. 6, November 1992, pp. 1387-1406), https://doi.org/10.2307/2951526."^^; ; "Publication" .