Parametric Continuity of Stationary Distributions

Cuong Le van and John Stachurski ()
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John Stachurski: Institute of Economic Research, Kyoto University

No 616, KIER Working Papers from Kyoto University, Institute of Economic Research

Abstract: For Markovian economic models, long-run equilibria are typically identified with the stationary (invariant) distributions generated by the model. In this paper we provide new sufficient conditions for continuity in the map from parameters to these equilibria. Several existing results are shown to be special cases of our theorem.

Keywords: Markov processes; parametric continuity. (search for similar items in EconPapers)
JEL-codes: C61 C62 (search for similar items in EconPapers)
Pages: 22pages
Date: 2006-04
New Economics Papers: this item is included in nep-ecm
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http://www.kier.kyoto-u.ac.jp/DP/DP616.pdf (application/pdf)

Related works:
Journal Article: Parametric continuity of stationary distributions (2007)
Working Paper: Parametric continuity of stationary distributions (2007)
Working Paper: Parametric Continuity of Stationary Distributions (2004)
Working Paper: Parametric continuity of stationary distributions (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:kyo:wpaper:616

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