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

DOI10.1007/S00199-008-0377-1MaRDI QIDQ2391053zbMATH OpenOpenAlexFDO

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

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)

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Cites work

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• A model of financial markets with endogenously correlated rational beliefs
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• On the structure and diversity of rational beliefs
• Rational belief structures and rational belief equilibria
• Self-fulfilling prophecies
• Tests for bounded rationality with a linear dynamic model distorted by heterogeneous expectations
• The role of expectations in economic fluctuations and the efficacy of monetary policy

Cited in

(6)

• The stationary probability density of a class of bounded Markov processes
• scientific article; zbMATH DE number 67260 (Why is no real title available?)
• State occupation probabilities in non-Markov models
• Nonhomogeneous Markov processes
• Rational overconfidence and social security: subjective beliefs, objective welfare
• scientific article; zbMATH DE number 2188832 (Why is no real title available?)

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