Parametric continuity of stationary distributions
AbstractFor 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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Bibliographic InfoPaper provided by HAL in its series Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) with number halshs-00101157.
Date of creation: Nov 2007
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Publication status: Published, Economic Theory, 2007, 33, 2, 333-348
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Markov processes; stochastic dynamics; parametric continuity;
Other versions of this item:
- Cuong Le Van & John Stachurski, 2006. "Parametric Continuity of Stationary Distributions," KIER Working Papers 616, Kyoto University, Institute of Economic Research.
- Cuong Le Van & John Stachurski, 2004. "Parametric Continuity of Stationary Distributions," Department of Economics - Working Papers Series 899, The University of Melbourne.
- John Stachurski & Cuong Le Van, 2004. "Parametric continuity of stationary distributions," Cahiers de la Maison des Sciences Economiques b04059, Université Panthéon-Sorbonne (Paris 1).
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
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