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.Develops the basic methods of recursive analysis, covers stochastic dynamic programming, and presents two fundamental theorems of welfare economics

Title | : | Recursive Methods in Economic Dynamics |

Author | : | Nancy L. Stokey, Robert E. Lucas, Edward C. Prescott |

Publisher | : | American Mathematical Soc. - 1989-10-10 |

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