Economics of inaction, the: stochastic control models with fixed costs
Auteur :
Stokey, Nancy L.
Éditeur :
Princeton University Press
ISBN :
9780691135052
Date de publication :
9 nov. 2008
Dimensions :
23,5 x 15,2 cm
Poids :
567 g
Format :
B315
Langue :
Anglais
Pays d'origine :
USA
Shows how the tools of stochastic control can be applied to dynamic problems of decision making under uncertainty when fixed costs are present. This book provides a treatment of two types of models, impulse and instantaneous control. It is suitable for graduate students and researchers in macroeconomics.