EconPapers    
Economics at your fingertips  
 

An Order-Theoretic Mixing Condition for Monotone Markov Chains

Takashi Kamihigashi and John Stachurski ()

ANU Working Papers in Economics and Econometrics from Australian National University, College of Business and Economics, School of Economics

Abstract: We discuss stability of discrete-time Markov chains satisfying monotonicity and an order-theoretic mixing condition that can be seen as an alternative to irreducibility. A chain satisfying these conditions has at most one stationary distribution. Moreover, if there is a stationary distribution, then the chain is stable in an order-theoretic sense.

Pages: 177Kb
Date: 2011-10
New Economics Papers: this item is included in nep-cis and nep-ecm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.cbe.anu.edu.au/researchpapers/econ/wp559.pdf (application/pdf)

Related works:
Journal Article: An order-theoretic mixing condition for monotone Markov chains (2012) Downloads
Working Paper: An Order-Theoretic Mixing Condition for Monotone Markov Chains (2011) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:acb:cbeeco:2011-559

Access Statistics for this paper

More papers in ANU Working Papers in Economics and Econometrics from Australian National University, College of Business and Economics, School of Economics Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2025-03-31
Handle: RePEc:acb:cbeeco:2011-559