Recursive Methods In Economic Dynamics
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Recursive Methods in Economic Dynamics
Author: Nancy L. Stokey
language: en
Publisher: Harvard University Press
Release Date: 1989-10-10
This rigorous but brilliantly lucid book presents a self-contained treatment of modern economic dynamics. Stokey, Lucas, and Prescott develop the basic methods of recursive analysis and illustrate the many areas where they can usefully be applied.
Recursive Methods in Economic Dynamics
Author: Nancy L. Stokey
language: en
Publisher: Harvard University Press
Release Date: 1989-10-10
This rigorous but brilliantly lucid book presents a self-contained treatment of modern economic dynamics. Stokey, Lucas, and Prescott develop the basic methods of recursive analysis and illustrate the many areas where they can usefully be applied.
Recursive Methods in Economic Dynamics
Develops the basic methods of recursive analysis, covers stochastic dynamic programming, and presents two fundamental theorems of welfare economics.