Stochastic optimal growth with a non-compact state space

Stochastic optimal growth with a non-compact state space

by Zhang

Part of 639

Join Readfeed freeFind clubs reading this
Rate this book:

Browse books you can read free on Readfeed

No club is reading this yet — be the first to start one

Start a club free
About
"This paper studies the stability of a stochastic optimal growth economy introduced by Brock and Mirman [J. Econ. Theory 4 (1972)] by utilizing stochastic monotonicity in a dynamic system. The construction of two boundary distributions leads to a new method of studying systems with noncompact state space. The paper shows the existence of a unique invariant distribution. It also shows the equivalence between the stability and the uniqueness of the invariant distribution in this dynamic system."

Discuss Stochastic optimal growth with a non-compact state space with other readers

Join or start a book club for Stochastic optimal growth with a non-compact state space on Readfeed. Live chat, shared reading progress, and AI discussion questions — free to get started.

Sign up freeBrowse book clubs

Frequently asked questions

How do I join a book club for Stochastic optimal growth with a non-compact state space?

Sign up free on Readfeed, then browse public clubs or start your own club with Stochastic optimal growth with a non-compact state space as the current read. Invite friends with a share link and discuss together with live chat and AI discussion questions.

Can I discuss Stochastic optimal growth with a non-compact state space with other readers online?

Yes. Readfeed book clubs let you chat live, share progress, and join discussions about Stochastic optimal growth with a non-compact state space with readers worldwide — whether your club is virtual, in-person, or hybrid.

Is Readfeed free?

Yes. Creating an account and joining book clubs is free. Sign up to find readers who love the same books and start discussing today.