Random iterates of monotone maps

Rabi Bhattacharya, Mukul Majumdar

Research output: Contribution to journalArticle

3 Scopus citations

Abstract

In this paper we prove the existence, uniqueness and stability of the invariant distribution of a random dynamical system in which the admissible family of laws of motion consists of monotone maps from a closed subset of a finite dimensional Euclidean space into itself.

Original languageEnglish (US)
Pages (from-to)185-192
Number of pages8
JournalReview of Economic Design
Volume14
Issue number1-2
DOIs
StatePublished - Jan 1 2010

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Keywords

  • Convergence
  • Invariant distribution
  • Markov processes
  • Random dynamical systems

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)

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