Stochastic equilibrium: Concepts and computations for Lindley processes

Sarah Iams and Mukul Majumdar

International Journal of Economic Theory, 2010, vol. 6, issue 1, 47-56

Abstract: This paper deals with the question of estimating an invariant distribution of Lindley processes using simulation techniques. The results are of interest in problems of resource management with supply‐side uncertainty and constant harvesting.

Date: 2010
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https://doi.org/10.1111/j.1742-7363.2009.00121.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:ijethy:v:6:y:2010:i:1:p:47-56

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