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A unified stability theory for classical and monotone Markov chains

Authors :
Takashi Kamihigashi
John Stachurski
Source :
Journal of Applied Probability. 56:1-22
Publication Year :
2019
Publisher :
Cambridge University Press (CUP), 2019.

Abstract

In this paper we integrate two strands of the literature on stability of general state Markov chains: conventional, total-variation-based results and more recent order-theoretic results. First we introduce a complete metric over Borel probability measures based on ‘partial’ stochastic dominance. We then show that many conventional results framed in the setting of total variation distance have natural generalizations to the partially ordered setting when this metric is adopted.

Details

ISSN :
14756072 and 00219002
Volume :
56
Database :
OpenAIRE
Journal :
Journal of Applied Probability
Accession number :
edsair.doi...........bfa48c8e6ee17143e92ca39cb36de49c