Open Access
2014 A fixed point approach to the steady state for stochastic matrices
Robert Kantrowitz, Michael M. Neumann
Rocky Mountain J. Math. 44(4): 1243-1250 (2014). DOI: 10.1216/RMJ-2014-44-4-1243

Abstract

We provide two conditions, both in the spirit of classical regularity, that are equivalent to the existence of the steady state for a stochastic matrix. Our development of these characterizations sidesteps Perron-Frobenius theory for non-negative matrices, hinging instead on an elementary fixed point result that complements Banach's contraction mapping theorem.

Citation

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Robert Kantrowitz. Michael M. Neumann. "A fixed point approach to the steady state for stochastic matrices." Rocky Mountain J. Math. 44 (4) 1243 - 1250, 2014. https://doi.org/10.1216/RMJ-2014-44-4-1243

Information

Published: 2014
First available in Project Euclid: 31 October 2014

zbMATH: 1317.15032
MathSciNet: MR3274346
Digital Object Identifier: 10.1216/RMJ-2014-44-4-1243

Subjects:
Primary: 15B51
Secondary: 37C25

Keywords: contractive mappings and fixed points , Perron-Frobenius theory , regular matrix , scrambling matrix , steady state , stochastic matrix

Rights: Copyright © 2014 Rocky Mountain Mathematics Consortium

Vol.44 • No. 4 • 2014
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