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- W2017303386 abstract "This paper provides qualitative properties of the iterated function system (IFS) generated by the optimal policy function for a class of stochastic one-sector optimal growth models. We obtain, explicitly in terms of the primitives of the model (i) a compact interval (not including the zero stock) in which the support of the invariant distribution of output must lie, and (ii) a Lipschitz property of the iterated function system on this interval. As applications, we are able to present parameter configurations under which (a) the support of the invariant distribution of the IFS is a generalized Cantor set, and (b) the invariant distribution is singular." @default.
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- W2017303386 title "On Lipschitz continuity of the iterated function system in a stochastic optimal growth model" @default.
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- W2017303386 doi "https://doi.org/10.1016/j.jmateco.2008.08.003" @default.
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