Review of Economic Studies Vol. 55 No. 1 1988
Optimality of Periodicity
Abstract
Often the timing of certain activities has a strong periodic element.Due to circumstanc es, an activity is sometimes made outside the regular cycle, but it d oes not break the cycle. Thus, the timing of future activities is hig hly predict-able. The author provides a stochastic model where the da ta are not seasonal, yet the optimal behavior has a strong periodic e lement.
- DOI
- 10.2307/2297533
- Volume
- 55
- Issue
- 1
- Pages
- 127
- Sources
- bibtex:phds-export.bib crossref openalex