Non-stationary, stable Markov processes on a continuous state space

DOI10.1007/S00199-008-0377-1zbMATH Open1181.60113OpenAlexW2082390753MaRDI QIDQ2391053FDOQ2391053

Authors: Carsten Krabbe Nielsen 

Publication date: 24 July 2009

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-008-0377-1

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zbMATH Keywords

rational beliefcontinuous state spacestable Markov processesMuth model

Mathematics Subject Classification ID

Discrete-time Markov processes on general state spaces (60J05) Microeconomic theory (price theory and economic markets) (91B24)

Cites Work

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• Self-fulfilling prophecies
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• A model of financial markets with endogenously correlated rational beliefs
• On rationally confident beliefs and rational overconfidence
• The role of expectations in economic fluctuations and the efficacy of monetary policy
• Tests for bounded rationality with a linear dynamic model distorted by heterogeneous expectations
• On information and market dynamics: The case of the U. S. beef market
• Market Anticipations, Rational Expectations, and Bayesian Analysis

Cited In (6)

• The stationary probability density of a class of bounded Markov processes
• Title not available (Why is that?)
• State occupation probabilities in non-Markov models
• Nonhomogeneous Markov processes
• Title not available (Why is that?)
• Rational overconfidence and social security: subjective beliefs, objective welfare

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