Kamihigashi, Takashi; Stachurski, John - In: Theoretical economics : TE ; an open access journal in … 9 (2014) 2, pp. 383-407
This paper extends a family of well-known stability theorems for monotone economies to a significantly larger class of … models. We provide a set of general conditions for existence, uniqueness and stability of stationary distributions when … monotonicity holds. The conditions in our main result are both necessary and sufficient for global stability of monotone economies …