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 ${\textup {HOMEO}}^+(\mathbb R)$
${\textup {HOMEO}}^+(\mathbb R)$Published online by Cambridge University Press: 29 April 2021
We consider random walks on the group of orientation-preserving homeomorphisms of the real line  ${\mathbb R}$. In particular, the fundamental question of uniqueness of an invariant measure of the generated process is raised. This problem was studied by Choquet and Deny [Sur l’équation de convolution
${\mathbb R}$. In particular, the fundamental question of uniqueness of an invariant measure of the generated process is raised. This problem was studied by Choquet and Deny [Sur l’équation de convolution  $\mu = \mu * \sigma $. C. R. Acad. Sci. Paris 250 (1960), 799–801] in the context of random walks generated by translations of the line. Nowadays the answer is quite well understood in general settings of strongly contractive systems. Here we focus on a broader class of systems satisfying the conditions of recurrence, contraction and unbounded action. We prove that under these conditions the random process possesses a unique invariant Radon measure on
$\mu = \mu * \sigma $. C. R. Acad. Sci. Paris 250 (1960), 799–801] in the context of random walks generated by translations of the line. Nowadays the answer is quite well understood in general settings of strongly contractive systems. Here we focus on a broader class of systems satisfying the conditions of recurrence, contraction and unbounded action. We prove that under these conditions the random process possesses a unique invariant Radon measure on  ${\mathbb R}$. Our work can be viewed as following on from Babillot et al [The random difference equation
${\mathbb R}$. Our work can be viewed as following on from Babillot et al [The random difference equation  $X_n=A_n X_{n-1}+B_n$ in the critical case. Ann. Probab. 25(1) (1997), 478–493] and Deroin et al [Symmetric random walk on
$X_n=A_n X_{n-1}+B_n$ in the critical case. Ann. Probab. 25(1) (1997), 478–493] and Deroin et al [Symmetric random walk on  $\mathrm {HOMEO}^{+}(\mathbb {R})$. Ann. Probab. 41(3B) (2013), 2066–2089].
$\mathrm {HOMEO}^{+}(\mathbb {R})$. Ann. Probab. 41(3B) (2013), 2066–2089].
 ${X}_n={A}_n{X}_{n-1}+{B}_n$
 in the critical case. Ann. Probab. 25(1) (1997), 478–493.CrossRefGoogle Scholar
${X}_n={A}_n{X}_{n-1}+{B}_n$
 in the critical case. Ann. Probab. 25(1) (1997), 478–493.CrossRefGoogle Scholar $X= AX+B$
. (Springer Series in Operations Research and Financial Engineering). Springer, Cham, 2016.CrossRefGoogle Scholar
$X= AX+B$
. (Springer Series in Operations Research and Financial Engineering). Springer, Cham, 2016.CrossRefGoogle Scholar $\mu =\mu \ast \sigma$
. C. R. Acad. Sci. Paris 250 (1960), 799–801.Google Scholar
$\mu =\mu \ast \sigma$
. C. R. Acad. Sci. Paris 250 (1960), 799–801.Google Scholar ${{\mathrm{HOMEO}}}^{+}\left(\mathbb{R}\right)$
. Ann. Probab. 41(3B) (2013), 2066–2089.CrossRefGoogle Scholar
${{\mathrm{HOMEO}}}^{+}\left(\mathbb{R}\right)$
. Ann. Probab. 41(3B) (2013), 2066–2089.CrossRefGoogle Scholar $({S}^1)$
. Commun. Math. Phys. 356(3) (2017), 1083–1116.CrossRefGoogle Scholar
$({S}^1)$
. Commun. Math. Phys. 356(3) (2017), 1083–1116.CrossRefGoogle Scholar