A functional central limit theorem for equilibrium paths of economic dynamics

被引：3

作者：

Amir, R ^{[1
]}

Evstigneev, IV

机构：

[1] Odense Univ, Dept Econ, DK-5230 Odense M, Denmark

[2] Russian Acad Sci, Cent Econ & Math Inst, Moscow 117418, Russia

来源：

JOURNAL OF MATHEMATICAL ECONOMICS | 2000年 / 33卷 / 01期

基金：

俄罗斯科学基金会;

关键词：

equilibrium dynamics; central limit theorem; Brownian approximation; exponential turnpike property;

D O I：

10.1016/S0304-4068(99)00006-3

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper, we analyze probability distributions associated with stochastic equilibrium paths of economic dynamics. We consider sums of random variables (aggregate rewards or utilities) depending on successive states of the equilibrium paths. We describe conditions under which the sequences of these sums can be approximated in distribution by Brownian motion. (C) 2000 Elsevier Science S.A. All rights reserved.

引用

页码：81 / 99

页数：19

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