Invariant distributions for monotone Markov processes 公开 Deposited

Creator Series Issue number
  • 374
Date Created
  • 1986-08
Abstract
  • 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.

Subject (JEL) 关键词 Alternative title
  • On existence and uniqueness of stationary distributions without continuity / Hugo Hopenhayn, Edward Prescott.
  • Stochastic monotonicity and stationary distributions for dynamic economies / Hugo A. Hopenhayn, Edward C. Prescott.
  • Invariant distributions for discontinuous monotone Markov processes / Hugo A. Hopenhayn, Edward C. Prescott.
贡献者 Date Modified
  • 06/05/2018
Publisher
  • Federal Reserve Bank of Minneapolis. Research Division.
Resource type

关联

最新修改

可下载的内容

下载PDF文件

Zipped Files

Download a zip file that contains all the files in this work.

单件