Stochastic optimal growth with unbounded shock
type: Item
instance of: scholarly article
title: Stochastic optimal growth with unbounded shock
zbMATH Open document ID: 1026.91081
author: John Stachurski
published in: Journal of Economic Theory
publication date: 2002-12-16T00:00:00Z
review text: This paper considers a neoclassical optimal growth problem where the shock that perturbs the economy in each time period is potentially unbounded on the state space. Sufficient conditions for existence, uniqueness, and stability of equilibria are derived in terms of the primitives of the model using recent techniques from the field of perturbed dynamical systems.
Mathematics Subject Classification ID: 91B62
Mathematics Subject Classification ID: 91B70
zbMATH DE Number: 1845940
zbMATH Keywords: stochastic growth
zbMATH Keywords: Markov operators
zbMATH Keywords: Lagrange stability
zbMATH Keywords: strong contractiveness
reviewed by: Marian Matłoka
MaRDI profile type: Publication
OpenAlex ID: W2021971485
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DOI: 10.1006/JETH.2001.2842
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description: scientific article; zbMATH DE number 1845940