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Stochastically monotone Markov Chains

✍ Scribed by D. J. Daley


Book ID
104793030
Publisher
Springer
Year
1968
Tongue
English
Weight
700 KB
Volume
10
Category
Article
ISSN
1432-2064

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Income distribution dynamics: monotone M
✍ Valentino Dardanoni πŸ“‚ Article πŸ“… 1995 πŸ› Springer 🌐 English βš– 792 KB

This paper considers some aspects of the dynamics of income distributions by employing a simple Markov chain model of income mobility. The main motivation of the paper is to introduce the techniques of "monotone" Markov chains to this field. The transition matrix of a discrete Markov chain is called