Download or read book Choquet-Deny Type Functional Equations with Applications to Stochastic Models written by Calyampudi Radhakrishna Rao and published by . This book was released on 1994 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: The solutions to these functional equations provide a unified and elegant approach to characterizations of the exponential, geometric, Pareto, Weibull, stable, Poisson and other distributions under a variety of stochastic properties of the random variable. The ICFE also plays an important role in renewal processes, potential theory and other applications of stochastic processes.