Random Iterates of Monotone Maps

Rabi Bhattacharya and Mukul Majumdar
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Rabi Bhattacharya: University of Arizona
Mukul Majumdar: Cornell University

Working Papers from Cornell University, Center for Analytic Economics

Abstract: In this paper we prove the existence, uniqueness and stability of the invariant distribution of a random dynamical system in which the admissible family of laws of motion consists of monotone maps from a closed subset of a finite dimensional Euclidean space into itself.

Date: 2008-12
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Persistent link: https://EconPapers.repec.org/RePEc:ecl:corcae:08-08

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