Is Discrete Time a Good Representation of Continuous Time?
Economists model time as continuous or discrete. The recent literature on continuous time models with delays should help to bridge the gap between these two families of models. In this note, we propose a simple time--to--build model in continuous time, and show that a discrete time version is a true representation of the continuous time problem under some sufficient conditions.
Year of publication: |
2006-09
|
---|---|
Authors: | Puch, Luis A. ; Licandro, Omar |
Institutions: | FEDEA |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Vintage capital and the dynamics of the AK model
Boucekkine, Raouf,
-
Innovation, investment and productivity: Evidence from Spanish firms
Licandro, Omar,
-
Innovation, Tangible and Intangible Investments and the Value of Spanish Firms
Lacuesta, Aitor, (2009)
- More ...