Stochastic Monotonicity and Stationary Distributions for Dynamic Economies
The existence and stability of invariant distributions for stochastically monotone processes is studied. The Knaster-Tarski fixed point theorem is applied to establish existence of fixed points of mappings on compact sets of measures that are increasing with respect to a stochastic ordering. Global...
| Veröffentlicht in: | Econometrica. - Wiley. - 60(1992), 6, Seite 1387-1406 |
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| Format: | Online-Aufsatz |
| Sprache: | English |
| Veröffentlicht: |
1992
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| Zugriff auf das übergeordnete Werk: | Econometrica |
| Schlagworte: | Stationary distributions fixed points monotone functions stochastic dynamic programming stochastic growth theory investment theory Mathematics Philosophy Economics Behavioral sciences |