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Stochastic Stability of Monotone Economies in Regenerative Environments

We introduce and analyze a new class of monotone stochastic recursions in a regenerative environment which is essentially broader than that of Markov chains. We prove stability theorems and apply our results {to three canonical models in recursive economics}, generalizing some known stability results to the cases when driving sequences are not independent and identically distributed.

preprint2017arXivOpen access
Sergey FossVsevolod ShneerJonathan P. ThomasTim Worrall
math.PR
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Open access4 authors1 topic
Imported metadata coverageMissing code, dataset, citation and institution fields are tracked without dominating the paper.Details
Citations: 0Reviews: 0Saves: 0Code: not linkedDataset: not linkedInstitutions: 0

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Sergey FossVsevolod ShneerJonathan P. ThomasTim Worrall

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