92 Pages
by
Routledge
88 Pages
by
Routledge
88 Pages
by
Routledge
Also available as eBook on:
This book aims to widen the understanding of stochastic dynamic choice and equilibrium models. It offers a simplified and heuristic exposition of the theory of Brownian motion and its control or regulation, rendering such methods more accessible to economists who do not require a detailed, mathematical treatment of the subject. The main mathematical ideas are presented in a context which with... Read more
part The Art of Smooth Pasting, AVINASH DIXIT; Chapter 1 Brownian Motion; Chapter 2 Discounted Present Values; Chapter 3 Barriers; Chapter 4 Optimal Control and Regulation; Chapter 5 Generalizations; Chapter 6 Some Characterization of Optimal Paths;
Biography
J. Lesourne, H. Sonnenschein
