Parametric Continuity of Stationary Distributions
This page collects files for the paper Parametric Continuity of Stationary Distributions by Cuong Le Van and John Stachurski.
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.