An Order-Theoretic Mixing Condition for Monotone Markov Chains
We discuss stability of discrete-time Markov chains satisfying monotonicity and an order-theoretic mixing condition that can be seen as an alternative to irreducibility. A chain satisfying these conditions has at most one stationary distribution. Moreover, if there is a stationary distribution, then the chain is stable in an order-theoretic sense.
Year of publication: |
2011-07
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Authors: | Kamihigashi, Takashi ; Stachurski, John |
Institutions: | Research Institute for Economics and Business Administration, Kobe University |
Saved in:
freely available
Extent: | application/pdf |
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Series: | Discussion Paper Series. - ISSN 1345-2207. |
Type of publication: | Book / Working Paper |
Notes: | Number DP2011-24 14 pages |
Source: |
Persistent link: https://www.econbiz.de/10009195445
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