Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/86261
Authors: 
Heidergott, Bernd
Hordijk, Arie
van Uitert, Miranda
Year of Publication: 
2005
Series/Report no.: 
Tinbergen Institute Discussion Paper 05-086/4
Abstract: 
This paper provides series expansions of the stationary distribution of a finite Markov chain. This leads to an efficient numerical algorithm for computing the stationary distribution of a finite Markov chain. Numerical examples are given to illustrate the performance of the algorithm.
Subjects: 
finite-state Markov chain
(Taylor) series expansion
measure-valued derivatives
coupled processors
JEL: 
C63
C44
Document Type: 
Working Paper

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