Abstract
For a series of randomly discounted terms we give an integral criterion to distinguishbetween almost-sure absolute convergence and divergence in probability to $\infty$, these being the only possible forms of asymptotic behavior. This solves the existence problem for a one-dimensional perpetuity that remains from a 1979 study by Vervaat, and yields a complete characterization of the existence of distributional fixed points of a random affine map in dimension one.
Citation
Charles M. Goldie. Ross A. Maller. "Stability of perpetuities." Ann. Probab. 28 (3) 1195 - 1218, July 2000. https://doi.org/10.1214/aop/1019160331
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