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Wiley InterScience | ||||||||
  International Journal of Economic TheoryVolume 1 Issue 1, Pages 57 - 72 Published Online: 17 Feb 2005 © 2009 The International Association for Economic Theory
Abstract | References | Full Text: PDF (Size: 207K) | Related Articles | Citation Tracking  Some stability results for Markovian economic semigroups We are very grateful to the anonymous referee, whose insightful comments led to many improvements in the proofs. The third author thanks the Institute of Economic Research at Kyoto University and the Center for Operations Research and Econometrics at Université catholique de Louvain for hospitality over some of the period when these results were established. Copyright 2005 The International Society for Economic Theory. KEYWORDS Markov processes • asymptotic stability • semigroups KEYWORDS C61 • C62 ABSTRACTThe present paper studies existence, uniqueness and stability of stationary equilibrium distributions in a class of stochastic dynamic models common to economic analysis. We provide applications to a heterogeneous agent model and two nonlinear multisector time series models with unbounded state space. Accepted 12 August 2004 | 
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