Random Dynamical Systems: Theory and Applications

by Rabi Bhattacharya and Mukul Majumdar

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...

• Format: Paperback
• Language: English
• ISBN: 0521532728
• ISBN13: 9780521532723
• Release Date: March 2007
• Publisher: Cambridge University Press
• Length: 480 Pages
• Weight: 1.45 lbs.
• Dimensions: 1.0" x 6.0" x 9.1"