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.

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Year of publication:	2011-10
Authors:	Kamihigashi, Takashi ; Stachurski, John
Institutions:	College of Business and Economics, Australian National University

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Extent:	application/pdf
Series:	ANU Working Papers in Economics and Econometrics.
Type of publication:	Book / Working Paper
Notes:	177 pages longb
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009323807