Econometrics & Statistics, Statistics, Economics 

This solutions manual is a companion volume to the classic textbook Recursive Methods in Economic Dynamics by Stokey, Lucas, and Prescott. Efficient and lucid in approach, this manual will greatly enhance the value of Recursive Methods as a text for self-study. 

Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Claudio Irigoyen; Esteban Rossi-Hansberg; Mark L J Wright
ISBN: 067400888X 9780674008885
OCLC Number: 51836585
Description: x, 291 pages ; 24 cm
Contents: An overview --
Mathematical preliminaries --
Dynamic programming under certainty --
Applications of dynamic programming under certainty --
Deterministic dynamics --
Measure theory and integration --
Markov processes --
Stochastic dynamic programming --
Applications of stochastic dynamic programming --
Strong convergence of Markov processes --
Weak convergence of Markov processes --
Applications of convergence results for Markov processes --
Laws of large numbers --
Pareto optima and competitive equilibria --
Applications of equilibrium theory --
Fixed-point arguments --
Equilibria in systems with distortions.
Other Titles: Recursive methods in economic dynamics.
Responsibility: Claudio Irigoyen, Esteban Rossi-Hansberg, Mark L.J. Wright.