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Paperback Random Dynamical Systems: Theory and Applications Book

ISBN: 0521532728

ISBN13: 9780521532723

Random Dynamical Systems: Theory and Applications

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Book Overview

This treatment provides an exposition of discrete time dynamic processes evolving over an infinite horizon. Chapter 1 reviews some mathematical results from the theory of deterministic dynamical systems, with particular emphasis on applications to economics. The theory of irreducible Markov processes, especially Markov chains, is surveyed in Chapter 2. Equilibrium and long run stability of a dynamical system in which the law of motion is subject to...

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