Stochastic Models with Power-Law Tails The Equation X = AX + B

“The authors collected together almost all the results on the stochastic recurrence equation, and on its stationary solution. … in the course of the reading we learn about Markov chains, renewal and implicit renewal theory, regular variation … point process techniques, etc. Therefore, I warmly recommend this monograph not only to those interested in the current topic of stochastic recurrence equations, but also to those who want to learn some modern methods of probability theory.” (Norbert Bogya, Acta Scientiarum Mathematicarum, Vol. 83 (1-2), 2017)






“It consists of five sections, five appendixes, a list of abbreviations and symbols, 262 references, and an index. It is a well-written and interesting book, and represents a good material for students and researchers.” (Miroslav M. Ristić, zbMATH 1357.60004, 2017)