This paper studies the existence, uniqueness, and stability of equilibrium for a class of random dynamical systems that arise frequently in the study of Markovtemporary equilibrium models and in models arising from maximization behavior over time. It is seen that equilibria in these models have very nice properties.
MLA
Blume, Lawrence E.. “The Ergodic Behavior of Stochastic Processes of Economic Equilibria.” Econometrica, vol. 47, .no 6, Econometric Society, 1979, pp. 1421-1432, https://www.jstor.org/stable/1914009
Chicago
Blume, Lawrence E.. “The Ergodic Behavior of Stochastic Processes of Economic Equilibria.” Econometrica, 47, .no 6, (Econometric Society: 1979), 1421-1432. https://www.jstor.org/stable/1914009
APA
Blume, L. E. (1979). The Ergodic Behavior of Stochastic Processes of Economic Equilibria. Econometrica, 47(6), 1421-1432. https://www.jstor.org/stable/1914009
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