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 | The Economics of Inaction: Stochastic Control Models with Fixed Costs (8th Edition) by Nancy L. Stokey Hardcover, 320 Pages, Published 2008 ISBN-10: 0-691-13505-3 / 0691135053 ISBN-13: 978-0-691-13505-2 / 9780691135052 In economic situations where action entails a fixed cost, inaction is the norm. Action is taken infrequently, and adjustments are large when they occur. Interest in economic models that exhibit ''lumpy'' behavior of this kind has exploded in recent years, spurred by growing evidence that it is t | |