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Uniform Measures On Inverse Limit Spaces

Author

Listed:
  • David R. Stockman

    (Department of Economics,University of Delaware)

Abstract
Motivated by problems from dynamic economic models, we consider the problem of defining a uniform measure on inverse limit spaces. Let f be a function from a compact metric space X into itself where f is continuous, onto and piecewise one-to-one. Let Y be the inverse limit of (X,f). Then starting with a measure m1 on the Borel sets of X, we recursively construct a sequence of probability measures (m1,m2,...) on the Borel sets of X satisfying mn(A)=mn+1[B] for each Borel set A and n=1,2,... and B is the preimage of A under f. This sequence of probability measures is then uniquely extended to a probability measure on the inverse limit space Y. If m1 is a uniform measure, we argue that the measure induced on the inverse limit space by the recursively constructed sequence of measures is a uniform measure. As such, the measure has uses in economic theory for policy evaluation and in dynamical systems in providing an ambient measure (when Lebesgue measure is not available) with which to define an SRB measure or a metric attractor for the shift map on the inverse limit space.

Suggested Citation

  • David R. Stockman, 2008. "Uniform Measures On Inverse Limit Spaces," Working Papers 08-25, University of Delaware, Department of Economics.
    • Handle: RePEc:dlw:wpaper:08-25.
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    File URL: http://graduate.lerner.udel.edu/sites/default/files/ECON/PDFs/RePEc/dlw/WorkingPapers/2008/UDWP2008-25.pdf
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Inverse Limits; probability measure; multiple equilibria; global indeterminancy;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis

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