Invariant Distributions and the Limiting Behavior of Markovian Economic Models
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Publication:3929358
DOI10.2307/1912634zbMath0474.90027OpenAlexW2119838473MaRDI QIDQ3929358
Publication date: 1982
Published in: Econometrica (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.2307/1912634
equilibrium time seriesstochastic economic modelsconvergence of Markov processexistence of an invariant distribution
Discrete-time Markov processes on general state spaces (60J05) Economic growth models (91B62) Applications of Markov chains and discrete-time Markov processes on general state spaces (social mobility, learning theory, industrial processes, etc.) (60J20)
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