The economics of inaction : stochastic control models with fixed costs /

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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 has exploded in recent years, spurred by growing evide...

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Bibliographic Details
Call Number:Libro Electrónico
Main Author: Stokey, Nancy L. (Author)
Format: Electronic eBook
Language:Inglés
Published: Princeton : Princeton University Press, ©2009.
Subjects:
Econometric models.
Brownian movements.
Modèles économétriques.
Mouvement brownien.
BUSINESS & ECONOMICS > Economics > Theory.
Brownian movements
Econometric models
Econometrische modellen.
Stochastische modellen.
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