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Random Iterates of Monotone Maps

Author

Listed:
  • Bhattacharya, Rabi

    (University of Arizona)

  • Majumdar, Mukul

    (Cornell University)

Abstract

In this paper we prove the existence, uniqueness and stability of the invariant distribution of a random dynamical system in which the admissible family of laws of motion consists of monotone maps from a closed subset of a finite dimensional Euclidean space into itself.

Suggested Citation

  • Bhattacharya, Rabi & Majumdar, Mukul, 2008. "Random Iterates of Monotone Maps," Working Papers 08-08, Cornell University, Center for Analytic Economics.
    • Handle: RePEc:ecl:corcae:08-08
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    File URL: https://cae.economics.cornell.edu/08-08.pdf
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