Some stability results for Markovian economic semigroups

Leonard Mirman, Kevin Reffett and John Stachurski ()

International Journal of Economic Theory, 2005, vol. 1, issue 1, 57-72

Abstract: The present paper studies existence, uniqueness and stability of stationary equilibrium distributions in a class of stochastic dynamic models common to economic analysis. We provide applications to a heterogeneous agent model and two nonlinear multisector time series models with unbounded state space.

Date: 2005
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https://doi.org/10.1111/j.1742-7363.2005.00005.x

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Working Paper: Some Stability Results for Markovian Economic Semigroups (2004)
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