Stability Analysis for Random Dynamical Systems in Economics

Random dynamical systems encountered in economics have certain distinctive characteristics that make them particularly well suited to analysis using the tools for studying Markov processes developed by Rabi N. Bhattacharya and his coauthors over the last few decades. In this essay we discuss the significance of these tools for both mathematicians and economists, provide some historical perspective and review some recent related contributions.

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Year of publication:	2014-10
Authors:	Kamihigashi, Takashi ; Stachurski, John
Institutions:	Research Institute for Economics and Business Administration, Kobe University

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Extent:	application/pdf
Series:	Discussion Paper Series. - ISSN 1345-2207.
Type of publication:	Book / Working Paper
Notes:	Number DP2014-35 16 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010940464