The Economics of Inaction Stochastic Control Models with Fixed Costs |
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| Author:
| Stokey, Nancy L. |
| ISBN: | 978-0-691-13505-2 |
| Publication Date: | Nov 2008 |
| Publisher: | Princeton University Press
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| Book Format: | Hardback |
| List Price: | USD $81.00 |
Book Description:
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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.
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.