Art of Smooth Pasting : FUNDAMENTALS OF PURE AND APPLIED ECONOMICS - A. Dixit

Art of Smooth Pasting

By: A. Dixit

Paperback | 11 May 1993 | Edition Number 1

At a Glance

Paperback


RRP $189.00

$160.65

15%OFF

or 4 interest-free payments of $40.16 with

 or 

Ships in 15 to 25 business days

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 which economists will be familiar. Using a binomial approach to Brownian motion, the mathematics is reduced to simple algebra, progressing to some equally simple limits. The starting point of the calculus of Brownian motion - ''Ito''s Lemma'' - emerges by analogy with the economics of risk-aversion. Conditions for the optimal regulation of Brownian motion, including the important, but often mysterious, ''smooth pasting'' condition, are derived in a similar way. Each theoretical derivation is illustrated by developing a significant economic application, drawn mainly from recent research in macroeconomics and international economics.

More in Econometrics

Modeling and Simulation in Economics - Eve Boulonne
Modeling and Simulation in Economics - Eve Boulonne
The Art of Statistics : Learning from Data - David Spiegelhalter

RRP $26.99

$22.99

15%
OFF
Technical Analysis of Stock Trends - John  Magee

RRP $75.99

$64.59

15%
OFF
Introductory Econometrics : 7th edition - A Modern Approach - Jeffrey  Wooldridge
The Measure of Progress : Counting What Really Matters - Diane Coyle
Transportation : 10th Edition - A Global Supply Chain Perspective - Robert Novack
Basic Business Statistics + PHStat for Statistics : 5th Edition - Mark Berenson

RRP $159.95

$127.75

20%
OFF
Accounting : 9th Edition - Tracie Miller-Nobles

RRP $206.95

$160.75

22%
OFF
Business Statistics : 4th Global Edition - Norean Sharpe

RRP $154.30

$117.75

24%
OFF
Operations and Supply Chain Management : 3rd Edition - David Collier

RRP $182.95

$132.99

27%
OFF
Sampling : 3rd Edition - Design and Analysis - Sharon L. Lohr

RRP $154.00

$130.90

15%
OFF
Business Analytics : 5th Cengage International Edition - Jeffrey D. Camm
Applied Statistics in Business and Economics ISE : 8th Edition - David Doane
Quantitative Methods for Business (Custom Edition) : 3rd Edition - Mark Berenson
Naked Statistics : Stripping the Dread from the Data - Charles Wheelan
Introduction to Econometrics : 5th edition - Christopher Dougherty

RRP $140.95

$116.75

17%
OFF