๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

On Sustained Growth Under Uncertainty

โœ Scribed by Paul De Hek; Santanu Roy


Book ID
108563802
Publisher
John Wiley and Sons
Year
2001
Tongue
English
Weight
142 KB
Volume
42
Category
Article
ISSN
0020-6598

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๐Ÿ“œ SIMILAR VOLUMES


On optimal growth under uncertainty
โœ Leonard J Mirman; Itzhak Zilcha ๐Ÿ“‚ Article ๐Ÿ“… 1975 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 465 KB
Optimal growth under uncertainty
โœ C.L. Russell ๐Ÿ“‚ Article ๐Ÿ“… 1991 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 383 KB
Growth under uncertainty with experiment
โœ Graziella Bertocchi; Michael Spagat ๐Ÿ“‚ Article ๐Ÿ“… 1998 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 211 KB

We introduce Bayesian learning into a stochastic growth model and study the effect of experimentation on the optimal level of the investment decision and on the amount of information gathering. When more investment produces more information, experimentation can push towards a lower level of investme