Stokey, Nancy
Libros de: Stokey, Nancy
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The Economics Of Inaction "Stochastic Control Models With Fixed Costs"
Stochastic Control Models With Fixed CostsStokey, Nancy
Princeton University Press (2008)
- EAN: 9780691135052
- Páginas: 220
- Fecha de edición: 2008
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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 ...