Parametric continuity of stationary distributions

For Markovian economic models, long-run equilibria are typically identified with the stationary (invariant) distributions generated by the model. In this paper weprovide new sufficient conditions for continuity in the map from parameters to these equilibria. Several existing results are shown to be special cases of our theorem.

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Year of publication:	2007-11
Authors:	Van, Cuong Le ; Stachurski, John
Institutions:	HAL
Subject:	Markov processes \| stochastic dynamics \| parametric continuity

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Extent:	application/pdf
Series:	Post-Print.
Type of publication:	Book / Working Paper
Notes:	View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00101157 Published, Economic Theory, 2007, 33, 2, 333-348
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010750464