Author
Milton Jara
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Recent research
- Society & EconomicsOpen access
Delayed Logistic Equation as a Limit of Long Memory Markov Chains
Abstract We introduce and analyze a long memory continuous-time Markov chain on $${\mathbb R}_+$$ R + whose jump mechanism depends explicitly on a state in the past. From the present state $$x_0$$ x 0 , the process jumps to $$x_0(1+\frac{1}{N})$$ x 0 ( 1 + 1 N ) or to $$x_0(1-\fr...