Parametric continuity of stationary distributions

Cuong Le Van () and John Stachurski
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Cuong Le Van: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique
John Stachurski: University of Melbourne

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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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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00101157

DOI: 10.1007/s00199-006-0144-0

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