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The Economics of Inaction : Stochastic Control Models with Fixed Costs /
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 evide...
| Autor principal: | |
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| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Princeton :
Princeton University Press,
2009.
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| Colección: | Book collections on Project MUSE.
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| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 020 | |a 9781400829811 | ||
| 020 | |z 9780691135052 | ||
| 035 | |a (OCoLC)440772484 | ||
| 040 | |a MdBmJHUP |c MdBmJHUP | ||
| 100 | 1 | |a Stokey, Nancy L., |e author. | |
| 245 | 1 | 4 | |a The Economics of Inaction : |b Stochastic Control Models with Fixed Costs / |c Nancy L. Stokey. |
| 264 | 1 | |a Princeton : |b Princeton University Press, |c 2009. | |
| 264 | 3 | |a Baltimore, Md. : |b Project MUSE, |c 2015 | |
| 264 | 4 | |c ©2009. | |
| 300 | |a 1 online resource (320 pages): |b illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 505 | 0 | |a Preface; 1 Introduction; I: Mathematical Preliminaries; II: Impulse Control Models; III: Instantaneous Control Models; IV: Aggregation; References; Index | |
| 520 | |a 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. | ||
| 588 | |a Description based on print version record. | ||
| 650 | 1 | 7 | |a Stochastische modellen. |2 gtt |
| 650 | 1 | 7 | |a Econometrische modellen. |2 gtt |
| 650 | 7 | |a Econometric models. |2 fast |0 (OCoLC)fst00901567 | |
| 650 | 7 | |a Brownian movements. |2 fast |0 (OCoLC)fst00839767 | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Economics |x Theory. |2 bisacsh | |
| 650 | 6 | |a Mouvement brownien. | |
| 650 | 6 | |a Modeles econometriques. | |
| 650 | 0 | |a Brownian movements. | |
| 650 | 0 | |a Econometric models. | |
| 655 | 7 | |a Electronic books. |2 local | |
| 710 | 2 | |a Project Muse. |e distributor | |
| 830 | 0 | |a Book collections on Project MUSE. | |
| 856 | 4 | 0 | |z Texto completo |u https://projectmuse.uam.elogim.com/book/31105/ |
| 945 | |a Project MUSE - Custom Collection | ||
| 945 | |a Project MUSE - Archive Complete Supplement III | ||
| 945 | |a Project MUSE - Archive Political Science and Policy Studies Supplement III | ||