On the Distribution and covariance structure of the present value of a random income stream
Keyword(s):
The present value is studied when I(t) is a stationary random income stream. The stationary distribution of V(t) for a family of simple streams modeled by stationary finite Markov chains is given explicitly. The process V(t) is shown to be observable in a special sense when I(t) is time-reversible.
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1972 ◽
Vol 9
(01)
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pp. 214-218
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Keyword(s):
2019 ◽
Vol 29
(08)
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pp. 1431-1449
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1968 ◽
Vol 5
(02)
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pp. 401-413
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1965 ◽
Vol 2
(01)
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pp. 88-100
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2001 ◽
Vol 54
(4)
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pp. 413-415
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