Comparative Dynamics In The Adjustment Cost Model Of The Firm PDF Download
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Author | : Larry G. Epstein |
Publisher | : |
Total Pages | : 52 |
Release | : 1980 |
Genre | : Statics and dynamics (Social sciences) |
ISBN | : |
Download Comparative Dynamics in the Adjustment-cost Model of the Firm Book in PDF, ePub and Kindle
Author | : Ingemar Hansson |
Publisher | : |
Total Pages | : 188 |
Release | : 1981 |
Genre | : Capital investments |
ISBN | : |
Download Market Adjustment and Investment Determination Book in PDF, ePub and Kindle
Author | : Michael R. Caputo |
Publisher | : Cambridge University Press |
Total Pages | : 632 |
Release | : 2005-01-10 |
Genre | : Business & Economics |
ISBN | : 1107717639 |
Download Foundations of Dynamic Economic Analysis Book in PDF, ePub and Kindle
Foundations of Dynamic Economic Analysis presents a modern and thorough exposition of the fundamental mathematical formalism used to study optimal control theory, i.e., continuous time dynamic economic processes, and to interpret dynamic economic behavior. The style of presentation, with its continual emphasis on the economic interpretation of mathematics and models, distinguishes it from several other excellent texts on the subject. This approach is aided dramatically by introducing the dynamic envelope theorem and the method of comparative dynamics early in the exposition. Accordingly, motivated and economically revealing proofs of the transversality conditions come about by use of the dynamic envelope theorem. Furthermore, such sequencing of the material naturally leads to the development of the primal-dual method of comparative dynamics and dynamic duality theory, two modern approaches used to tease out the empirical content of optimal control models. The stylistic approach ultimately draws attention to the empirical richness of optimal control theory, a feature missing in virtually all other textbooks of this type.
Author | : Peter M. Kort |
Publisher | : |
Total Pages | : 40 |
Release | : 1991 |
Genre | : |
ISBN | : |
Download A Dynamic Model of the Firm with Uncertain Earnings and Adjustment Costs Book in PDF, ePub and Kindle
Author | : Frank Brechling |
Publisher | : Manchester University Press |
Total Pages | : 130 |
Release | : 1975 |
Genre | : Business enterprises |
ISBN | : 9780719005725 |
Download Investment and Employment Decisions Book in PDF, ePub and Kindle
Textbook on theoretical developments in the dynamic theory of the enterprise, with particular reference to decision making concerning investment and employment - explains and tests the multi-period theory of the firm without, and with, adjustment costs, etc., and includes models. Bibliography pp. 104 to 107, graphs and statistical tables.
Author | : Larry G. Epstein |
Publisher | : |
Total Pages | : 62 |
Release | : 1981 |
Genre | : Costs, Industrial |
ISBN | : |
Download Intertemporal Price Indices for the Firm Book in PDF, ePub and Kindle
Author | : Michael Ralph Caputo |
Publisher | : Cambridge University Press |
Total Pages | : 596 |
Release | : 2005-01-17 |
Genre | : Business & Economics |
ISBN | : 9780521603683 |
Download Foundations of Dynamic Economic Analysis Book in PDF, ePub and Kindle
Foundations of Dynamic Economic Analysis presents a modern and thorough exposition of the fundamental mathematical formalism used to study optimal control theory, i.e., continuous time dynamic economic processes, and to interpret dynamic economic behavior. The style of presentation, with its continual emphasis on the economic interpretation of mathematics and models, distinguishes it from several other excellent texts on the subject. This approach is aided dramatically by introducing the dynamic envelope theorem and the method of comparative dynamics early in the exposition. Accordingly, motivated and economically revealing proofs of the transversality conditions come about by use of the dynamic envelope theorem. Furthermore, such sequencing of the material naturally leads to the development of the primal-dual method of comparative dynamics and dynamic duality theory, two modern approaches used to tease out the empirical content of optimal control models. The stylistic approach ultimately draws attention to the empirical richness of optimal control theory, a feature missing in virtually all other textbooks of this type.
Author | : Jonathan L. Willis |
Publisher | : |
Total Pages | : 0 |
Release | : 2013 |
Genre | : |
ISBN | : |
Download Estimation of Adjustment Costs in a Model of State-Dependent Pricing Book in PDF, ePub and Kindle
This paper provides a framework for direct analysis of the underlying price adjustment costs in an industry. A dynamic programming problem is specified for monopolistically competitive firms that face idiosyncratic costs of price adjustment. A numerical solution is calculated using value function iteration. I estimate the structural parameters of the model using data on magazine cover prices. Among the parameters estimated are the mean, variance, and persistence of the adjustment cost process. The estimated distribution of adjustment costs is nondegenerate, and the average adjustment cost paid by firms is large in comparison to other results in the literature.
Author | : Statens institut för byggnadsforskning (Sweden) |
Publisher | : |
Total Pages | : 184 |
Release | : 1981 |
Genre | : Building |
ISBN | : |
Download Documents Book in PDF, ePub and Kindle
Author | : V.K. Chetty |
Publisher | : |
Total Pages | : 0 |
Release | : 2022 |
Genre | : |
ISBN | : |
Download Internal Adjustment Costs of Firm-Specific Factors and the Neoclassical Theory of the Firm Book in PDF, ePub and Kindle
This paper considers the consequences of a two-sector vertically-integrated model of firms producing output using firm-specific capital with a second sector producing firm-specific capital by adapting raw capital purchased in the market. Analysts rarely observe each sector separately. Aggregating over both sectors produces short-run and long-run factor demand functions that appear to be perverse, but when disaggregated obey standard neoclassical properties. Adjustment costs create the appearance of static inefficiency in the presence of dynamic efficiency.