On a Markov process generated by non-decreasing concave functions

A discrete-time Markov process on [0, [infinity]) is considered. The process is generated by selecting at each time, in an independent and stationary way, a concave non-decreasing function. Sufficient conditions for the existence of a unique stationary limiting distribution are given.

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Year of publication:	1976
Authors:	Yahav, Joseph A.
Published in:	Stochastic Processes and their Applications. - Elsevier, ISSN 0304-4149. - Vol. 4.1976, 1, p. 41-54
Publisher:	Elsevier
Keywords:	Markov process stationary distribution limiting distribution continuous state space fixed point concave functions

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

Persistent link: https://www.econbiz.de/10008875078