Some stability results for Markovian economic semigroups
Kevin Reffett and
John Stachurski ()
International Journal of Economic Theory, 2005, vol. 1, issue 1, 57-72
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.
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Working Paper: Some Stability Results for Markovian Economic Semigroups (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:bla:ijethy:v:1:y:2005:i:1:p:57-72
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