Parametric continuity of stationary distributions

Cuong Le Van; John Stachurski

doi:10.1007/s00199-006-0144-0

Parametric continuity of stationary distributions

Cuong Le Van, John Stachurski^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

7 Citations (Scopus)

Abstract

For Markovian economic models, long-run equilibria are typically identified with the stationary (invariant) distributions generated by the model. In this paper we provide new sufficient conditions for continuity in the map from parameters to these equilibria. Several existing results are shown to be special cases of our theorem.

Original language	English
Pages (from-to)	333-348
Number of pages	16
Journal	Economic Theory
Volume	33
Issue number	2
DOIs	https://doi.org/10.1007/s00199-006-0144-0
Publication status	Published - Nov 2007
Externally published	Yes

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title = "Parametric continuity of stationary distributions",

abstract = "For Markovian economic models, long-run equilibria are typically identified with the stationary (invariant) distributions generated by the model. In this paper we provide new sufficient conditions for continuity in the map from parameters to these equilibria. Several existing results are shown to be special cases of our theorem.",

keywords = "Markov processes, Parametric continuity",

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KW - Parametric continuity

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Parametric continuity of stationary distributions

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