Optimality of Periodicity
Gur Huberman
The Review of Economic Studies, 1988, vol. 55, issue 1, 127-138
Abstract:
Often the timing of certain activities has a strong periodic element. Due to circumstances an activity is sometimes made outside the regular cycle, but it does not break the cycle. Thus, the timing of future activities is highly predictable. We provide a stochastic model where the data are not seasonal yet the optimal behaviour has a strong periodic element.
Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:oup:restud:v:55:y:1988:i:1:p:127-138.
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