A fixed point approach to the steady state for stochastic matrices (Q470404)
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | A fixed point approach to the steady state for stochastic matrices |
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A fixed point approach to the steady state for stochastic matrices (English)
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12 November 2014
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The authors provide two conditions, both in the spirit of classical regularity, that are equivalent to the existence of the steady state for a stochastic matrix. The presented development of these characterizations sidesteps Perron-Frobenius theory for nonnegative matrices, hinging instead on an elementary fixed point result that complements Banach's contraction mapping theorem.
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contractive mappings
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fixed points
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Perron-Frobebious theory
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regular matrix
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steady state
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stochastic matrix
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scrambling matrix
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nonnegative matrix
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