The Economics of Inaction is popular PDF and ePub book, written by Nancy L. Stokey in 2009, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Economics of Inaction can be Read Online from any device for your convenience.
The Economics of Inaction Book PDF Summary
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."--Pub. desc.
Detail Book of The Economics of Inaction PDF
- Author : Nancy L. Stokey
- Release : 19 September 2024
- Publisher : Princeton University Press
- ISBN : 9780691135052
- Genre : Business & Economics
- Total Page : 321 pages
- Language : English
- PDF File Size : 7,7 Mb
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