The Economics of Inaction
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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.
| Autor: | Stokey, Nancy L.; Lucas, Robert E.; Prescott, Edward C. |
| Nakladatel: | Princeton University Press |
| ISBN: | 9780691135052 |
| Rok vydání: | 2008 |
| Jazyk : | Angličtina |
| Vazba: | Hardback |
| Počet stran: | 320 |
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