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MODERN RECURSIVE EQUILIBRIUM AND THE BASIC PRICING EQUATION

Patrick L. Anderson

in The Economics of Business Valuation: Towards a Value Functional Approach

Published in print:
2013
Published Online:
September 2013
ISBN:
9780804758307
eISBN:
9780804783224
Item type:
chapter
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804758307.003.0009
Subject:
Economics and Finance, Financial Economics

The author introduces the “recursive” model that has emerged within micro-economics over the past few decades. This modern recursive equilibrium model is contrasted with the neoclassical model, in ... More


Introduction to dynamic programming

Hans Fehr and Fabian Kindermann

in Introduction to Computational Economics Using Fortran

Published in print:
2018
Published Online:
November 2020
ISBN:
9780198804390
eISBN:
9780191917202
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198804390.003.0013
Subject:
Computer Science, Programming Languages

Dynamic optimization is widely used in many fields of economics, finance, and business management. Typically one searches for the optimal time path of one ... More


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