Stochastic equilibrium: Concepts and computations for Lindley processes |
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| Authors: | Sarah Iams Mukul Majumdar |
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| Institution: | Center for Applied Mathematics Cornell University, Ithaca, USA. Email:;Department of Economics, Cornell University, Ithaca. |
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| Abstract: | This paper deals with the question of estimating an invariant distribution of Lindley processes using simulation techniques. The results are of interest in problems of resource management with supply-side uncertainty and constant harvesting. |
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| Keywords: | Lindley process resource allocation simulation invariant distribution |
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