The Modeling and Equilibrium Analysis for NCD System
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Graphical Abstract
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Abstract
The NCD system is modeled in terms of Markov chain. It is rigorously proved that there is unique stationary distribution for any NCD system. Besides, the general algorithm for determining this distribution is given and the structure of the stationary distribution is also shown. Particularly, for two kinds of transition rule of discounted classes, the explicit formulae of the stationary distribution are obtained.
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