Random Iterates of Monotone Maps
Rabi Bhattacharya and
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Rabi Bhattacharya: University of Arizona
Mukul Majumdar: Cornell University
Working Papers from Cornell University, Center for Analytic Economics
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.
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Persistent link: https://EconPapers.repec.org/RePEc:ecl:corcae:08-08
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