Stochastic stability of monotone economies in regenerative environments

DOI10.1016/j.jet.2017.11.004zbMath1400.91327arXiv1409.2286OpenAlexW2099414528MaRDI QIDQ1693197

Vsevolod Shneer, Tim Worrall, Jonathan P. Thomas, Sergeĭ Georgievich Foss

Publication date: 11 January 2018

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://arxiv.org/abs/1409.2286

zbMATH Keywords

stochastic stabilitystochastic recursionBewley-Imrohoroglu-Huggett-Aiyagari modelmonotone economyone sector stochastic growth modelrisk-sharing model

Mathematics Subject Classification ID

Stochastic models in economics (91B70) Economic growth models (91B62) Markov chains (discrete-time Markov processes on discrete state spaces) (60J10)

Related Items (7)

Limit theorems and structural properties of the cat-and-mouse Markov chain and its generalisations ⋮ Dynamic relational contracts under complete information ⋮ Asymptotic behavior for Markovian iterated function systems ⋮ Stochastic monotonicity and the Markov product for copulas ⋮ A multiplicative version of the Lindley recursion ⋮ Convergence of Markov chain transition probabilities ⋮ Stochastic Comparative Statics in Markov Decision Processes

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