Parametric continuity of stationary distributions

DOI10.1007/S00199-006-0144-0MaRDI QIDQ2385115zbMATH OpenOpenAlexFDO

Authors Cuong Le Van, John Stachurski

Publication date 11 October 2007

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://halshs.archives-ouvertes.fr/halshs-00101157/file/pc.pdf

zbMATH Keywords

distributionMarkov processparametric continuity

Mathematics Subject Classification ID

Applications of Markov chains and discrete-time Markov processes on general state spaces (social mobility, learning theory, industrial processes, etc.) (60J20) Auctions, bargaining, bidding and selling, and other market models (91B26)

Review text

This paper develops a mathematical model for a Markovian for a stationary distribution. The set up and mapping of the model has been developed with theorems and illustrations. Necessary and sufficient conditions are derived for the solution scheme and upper and lower bounds are defined for the existence and uniqueness of the model. No experiments have been performed.

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Cites work

• A qualitative approach to Markovian equilibrium in infinite horizon economies with capital
• Ergodic theorems for Markov chains represented by iterated function systems
• scientific article; zbMATH DE number 52448 (Why is no real title available?)
• scientific article; zbMATH DE number 1351867 (Why is no real title available?)
• Markov chains and stochastic stability
• Real Analysis and Probability
• Simulated Moments Estimation of Markov Models of Asset Prices
• Stochastic Speculative Price

Cited in

(6)

• On the existence and uniqueness of stationary equilibrium in Bewley economies with production
• Automatic continuity of transversal distributions
• Mean field equilibria for resource competition in spatial settings
• Statistical ward continuity
• Parametric continuity in dynamic programming problems
• A foundation for the solution of consumption-saving behavior with a borrowing constraint and unbounded marginal utility

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