The Economics of Inaction: Stochastic Control Models with Fixed Costs
Examines stochastic control models with fixed costs, providing tools for analyzing optimal decision timing under uncertainty in economics.
About This Book
This book presents advanced mathematical models for analyzing economic decisions when adjustment involves fixed costs.
It explores stochastic control theory and its applications to problems of inaction and optimal timing.
The text is designed for researchers and graduate students in economics and applied mathematics.
Reviews
No reviews yet. Be the first to review this book!