Parametric Continuity of Stationary Distributions

Le Van, Cuong; Stachurski, John

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Parametric Continuity of Stationary Distributions

Date

2007

Authors

Le Van, Cuong

Stachurski, John

Publisher

Springer

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.