Is Discrete Time a Good Representation of Continuous Time?
Luis Puch () and
Omar Licandro ()
No 2006-20, Working Papers from FEDEA
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.
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Working Paper: Is Discrete Time a Good Representation of Continuous Time? (2006)
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