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Recursive Methods in Economic Dynamics by Nancy L. Stokey
RRP: £87.95Booksplease Price: £71.40Three eminent economists provide in this book a rigorous, self-contained treatment of modern economic dynamics. Nancy L. Stokey, Robert E. Lucas, Jr., and Edward C. Prescott develop the basic methods... -
The Economics of Inaction: Stochastic Control Models with Fixed Costs by Nancy L. Stokey
RRP: £75.00Booksplease Price: £63.59In 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...