Stochastic stability of monotone economies in regenerative environments
From MaRDI portal
Publication:1693197
DOI10.1016/j.jet.2017.11.004zbMath1400.91327arXiv1409.2286MaRDI QIDQ1693197
Vsevolod Shneer, Tim Worrall, Jonathan P. Thomas, Sergeĭ Georgievich Foss
Publication date: 11 January 2018
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://arxiv.org/abs/1409.2286
stochastic stability; stochastic recursion; Bewley-Imrohoroglu-Huggett-Aiyagari model; monotone economy; one sector stochastic growth model; risk-sharing model
91B70: Stochastic models in economics
91B62: Economic growth models
60J10: Markov chains (discrete-time Markov processes on discrete state spaces)
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