Continuity of non-stationary transition matrices

Conditions are given implying the continuity of the transition functions in a standard Markov transition matrix. An example of a standard transition matrix with discontinuous transition functions is presented and its relation to the Kolmogorov differential equations is discussed.

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Year of publication:	1978
Authors:	Fernholz, Robert
Published in:	Stochastic Processes and their Applications. - Elsevier, ISSN 0304-4149. - Vol. 6.1978, 3, p. 261-266
Publisher:	Elsevier

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008873876