The Economics of Inaction pdf epub mobi txt 電子書 下載 2024


The Economics of Inaction

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Nancy L. Stokey
Princeton University Press
2008-10-20
320
USD 49.50
Hardcover
9780691135052

圖書標籤: 經濟學  econ  金融  macroeconomics  macro  Economics   


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发表于2024-11-08

The Economics of Inaction epub 下載 mobi 下載 pdf 下載 txt 電子書 下載 2024

The Economics of Inaction epub 下載 mobi 下載 pdf 下載 txt 電子書 下載 2024

The Economics of Inaction pdf epub mobi txt 電子書 下載 2024



圖書描述

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 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. This authoritative book will be essential reading for graduate students and researchers in macroeconomics.

The Economics of Inaction 下載 mobi epub pdf txt 電子書

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The Economics of Inaction pdf epub mobi txt 電子書 下載
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