Nancy L. Stokey, "The Economics of Inaction: Stochastic Control Models with Fixed Costs"
English | 2008-10-20 | ISBN: 0691135053 | 321 pages | PDF | 3 mb
In economic situations where action entails a fixed cost, inaction is the norm. Action is taken infrequently, and adjustments are large when they occur. Interest in economic models that exhibit ''lumpy'' behavior of this kind has exploded in recent years, spurred by growing evidence that it is typical in many important economic decisions, including price setting, investment, hiring, durable goods purchases, and portfolio management.
In The Economics of Inaction, leading economist Nancy Stokey shows how the tools of stochastic control can be applied to dynamic problems of decision making under uncertainty when fixed costs are present. Stokey provides a self-contained, rigorous, and clear treatment of two types of models, impulse and instantaneous control. She presents the relevant results about Brownian motion and other diffusion processes, develops methods for analyzing each type of problem, and discusses applications to price setting, investment, and durable goods purchases.
This authoritative book will be essential reading for graduate students and researchers in macroeconomics.
(Buy premium account for maximum speed and resumming ability)
Перед тем как скачать The Economics of Inaction Stochastic Control Models with Fixed Costs
бесплатно, без смс, регистрации, на халяву, через торрент, рекомендуем прочитать отзывыо The Economics of Inaction Stochastic Control Models with Fixed Costs.
Другие новости по теме:
Allround Automations PL/SQL Developer 126.96.36.1995 160410
Allround Automations PL/SQL Developer 188.8.131.525 160410[center]Allround Automations PL/SQL Developer 184.108.40.2065 | 26 MBPL/SQL Developer is an Integrated Development Environment that is specifically
Altair HyperWorks Solvers 13.0.212-SSQ 160410
Altair HyperWorks Solvers 13.0.212-SSQ 160410[center]Altair HyperWorks Solvers 13.0.212-SSQ | 6.16 GBAltair Engineering, the leading provider of high-end, open CAE software solutions for modeling,
Personal Backup 220.127.116.11
Personal Backup 18.104.22.168 — Предлагает пользователям удобное решение для обеспечения сохранности важных данных. С помощью этой простой в использовании и гибкой в настройке программы можно создавать
The Economics of Freedom Theory, Measurement, and Policy Implications
The Economics of Freedom: Theory, Measurement, and Policy Implications By Sebastiano Bavetta, Pietro Navarra 2012 | 222 Pages | ISBN: 110701784X | PDF | 2 MB
Serif WebPlus X7 22.214.171.124 160410
Serif WebPlus X7 126.96.36.199 160410[center]Serif WebPlus X7 188.8.131.52 | 814.21 MBBuilding the ideal website is easier than you think. Create an unlimited number of sites and pages, design bespoke web