Existence of bounded invariant probability densities for Markov chains

A Generalized Farkas' Theorem of Craven and Koliha (1977) is used to derive necessary and sufficient conditions for the existence of a bounded invariant probability density for a Markov chain.

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Year of publication:	1996
Authors:	Hernández-Lerma, Onésimo ; Lasserre, Jean B.
Published in:	Statistics & Probability Letters. - Elsevier, ISSN 0167-7152. - Vol. 28.1996, 4, p. 359-366
Publisher:	Elsevier
Keywords:	Markov chains Invariant probability density Linear equations in Banach (Lp) spaces

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

Persistent link: https://www.econbiz.de/10005223990