The Economics of Inaction (English, Nancy L. Stokey)
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Book Details
Publisher
Princeton University Press
Language
English
ISBN-13
9780691135052
ISBN-10
0691135053
Author
Nancy L. Stokey
About the Book
In 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 ''lumpy'' behavior of this kind has exploded in recent years, spurred by growing evidence that it is typical in many important economic decisions, including price setting, investment, hiring, durable goods purchases, and portfolio management. In The Econom…
ISBN: 9780691135052
ISBN-13: 9780691135052
ISBN-10: 0691135053
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Product ID: isbn-9780691135052
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