Random Iterates of Monotone Maps

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.

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Year of publication:	2008-12
Authors:	Bhattacharya, Rabi ; Majumdar, Mukul
Institutions:	Center for Analytic Economics, Department of Economics

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005103215