Random iterates of monotone maps

Rabi Bhattacharya, Mukul Majumdar

Research output: Contribution to journalArticlepeer-review

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

Keywords

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

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)

Fingerprint Dive into the research topics of 'Random iterates of monotone maps'. Together they form a unique fingerprint.

Cite this