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Random Iterates of Monotone Maps

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Author Info
Bhattacharya, Rabi (University of Arizona)
Majumdar, Mukul (Cornell University)
Abstract

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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Paper provided by Cornell University, Center for Analytic Economics in its series Working Papers with number 08-08.

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Date of creation: Dec 2008
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Handle: RePEc:ecl:corcae:08-08

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This page was last updated on 2009-12-4.

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