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The Ergodic Behavior of Stochastic Processes of Economic Equilibria

Econometrica 1979 47(6), 1421
[This paper studies the existence, uniqueness, and stability of equilibrium for a class of random dynamical systems that arise frequently in the study of Markovtemporary equilibrium models and in models arising from maximization behavior over time. It is seen that equilibria in these models have very nice properties.]