Amazon cover image
Image from Amazon.com

The economics of inaction Software or E-Resource: stochastic control models with fixed costs / Nancy L. Stokey.

By: Material type: TextTextPublication details: Princeton : Princeton University Press, c2009.Description: ix, 308 p. : ill. ; 25 cmISBN:
  • 9780691135052
Subject(s): DDC classification:
  • 330.01519233 22
Other classification:
  • 330.01519233
Summary: 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.
Tags from this library: No tags from this library for this title. Log in to add tags.
Star ratings
    Average rating: 0.0 (0 votes)
Holdings
Item type Current library Call number Status Date due Barcode Item holds
Reference Reference Junaid Zaidi Library, COMSATS University Islamabad 2nd Floor 330.01519233 STO-E (Browse shelf(Opens below)) Not for loan 45115
Total holds: 0

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.

There are no comments on this title.

to post a comment.