Stochastic optimal growth with bounded or unbounded utility and with bounded or unbounded shocks

DOI10.1016/j.jmateco.2006.05.007zbMath1154.91032OpenAlexW2081581350MaRDI QIDQ2466886

Takashi Kamihigashi

Publication date: 16 January 2008

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://www.rieb.kobe-u.ac.jp/academic/ra/dp/English/dp189.pdf

zbMATH Keywords

Markov processesstochastic growthunbounded utilitybounded or unbounded shocksexistence and stability of a invariant distribution

Mathematics Subject Classification ID

Economic growth models (91B62) Markov chains (discrete-time Markov processes on discrete state spaces) (60J10) Additive difference equations (39A10) Dynamical systems in optimization and economics (37N40)

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