Authors
Sergey Foss, Vsevolod Shneer, Jonathan P Thomas, Tim Worrall
Publication date
2018/1/1
Journal
Journal of Economic Theory
Volume
173
Pages
334-360
Publisher
Academic Press
Description
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.
Total citations
20182019202020212022202320245116213
Scholar articles
S Foss, V Shneer, JP Thomas, T Worrall - Journal of Economic Theory, 2018