The Economics of Inaction: Stochastic Control Models with Fixed Costs - Nancy L. Stokey - Books - Princeton University Press - 9780691135052 - November 9, 2008
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Nancy L. Stokey
The Economics of Inaction: Stochastic Control Models with Fixed Costs

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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.

320 pages, 50 line illus.

Media Books     Hardcover Book   (Book with hard spine and cover)
Released November 9, 2008
ISBN13 9780691135052
Publishers Princeton University Press
Pages 320
Dimensions 166 × 245 × 24 mm   ·   664 g
Language English  

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