Abstract
We consider the class of Feller Markov chains on a phase spaceX whose kernels mapC 0 (X), the space of bounded continuous functions that vanish at infinity, into itself. We provide a necessaryand sufficient condition for the existence of an invariant probability measure using a generalized Farkas Lemma. This condition is a Lyapunov type criterion that can be checked in practice. We also provide a necessaryand sufficient condition for existence of aunique invariant probability measure. When the spaceX is compact, the conditions simplify.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
