The economics of inaction stochastic control models with fixed costs /
Stokey, Nancy L.
The economics of inaction stochastic control models with fixed costs / Software or E-Resource: Nancy L. Stokey. - Princeton : Princeton University Press, c2009. - ix, 308 p. : ill. ; 25 cm.
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.
All.
9780691135052
Econometric models.
Brownian movements.
330.01519233
The economics of inaction stochastic control models with fixed costs / Software or E-Resource: Nancy L. Stokey. - Princeton : Princeton University Press, c2009. - ix, 308 p. : ill. ; 25 cm.
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.
All.
9780691135052
Econometric models.
Brownian movements.
330.01519233