Parametric continuity of stationary distributions

Cuong Le van and John Stachurski ()

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: For Markovian economic models, long-run equilibria are typically identified with the stationary (invariant) distributions generated by the model. In this paper weprovide new sufficient conditions for continuity in the map from parameters to these equilibria. Several existing results are shown to be special cases of our theorem.

Keywords: Markov processes; stochastic dynamics; parametric continuity (search for similar items in EconPapers)
Date: 2007-11
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00101157v1
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Citations: View citations in EconPapers (6)

Published in Economic Theory, 2007, 33 (2), pp.333-348. ⟨10.1007/s00199-006-0144-0⟩

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Related works:
Journal Article: Parametric continuity of stationary distributions (2007)
Working Paper: Parametric Continuity of Stationary Distributions (2006)
Working Paper: Parametric Continuity of Stationary Distributions (2004)
Working Paper: Parametric continuity of stationary distributions (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:halshs-00101157

DOI: 10.1007/s00199-006-0144-0

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