The Timing of Uncertainty and the Intensity of Policy

This article analyzes the trade-off between `caution' and `intensity' in the use of the control variable in a one-state one-control dynamic stochastic quadratic linear optimization problem with discount factor. It studies the effects that changes in uncertainty of the control parameter hav...

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Bibliographic Details
Published in:Computational Economics, Vol. 23, No. 4 (2004), p. 303-313
Main Author: Mercado, Ruben
Format: electronic Article
Language:English
ISSN:1572-9974
Physical Description:Online-Ressource
DOI:10.1023/B:CSEM.0000026788.19107.15
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