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Locally contracting iterated functions and stability of Markov chains
Part of
- Markov processes
S. F. Jarner, R. L. Tweedie
Journal:

Journal of Applied Probability / Volume 38 / Issue 2 / June 2001

Published online by Cambridge University Press:

14 July 2016, pp. 494-507

Print publication:

June 2001
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We consider Markov chains in the context of iterated random functions and show the existence and uniqueness of an invariant distribution under a local contraction condition combined with a drift condition, extending results of Diaconis and Freedman. From these we deduce various other topological stability properties of the chains. Our conditions are typically satisfied by, for example, queueing and storage models where the global Lipschitz condition used by Diaconis and Freedman normally fails.

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Locally contracting iterated functions and stability of Markov chains