Type: Working Paper
Is Discrete Time a Good Representation of Continuous Time?
Working Paper, EUI ECO, 2006/28
LICANDRO, Omar, PUCH, Luis A., Is Discrete Time a Good Representation of Continuous Time?, EUI ECO, 2006/28 - https://hdl.handle.net/1814/6230
Retrieved from Cadmus, EUI Research Repository
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.
Cadmus permanent link: https://hdl.handle.net/1814/6230
Series/Number: EUI ECO; 2006/28
Publisher: European University Institute
Keyword(s): Discrete Time Continuous Time Time–to–Build Delay DDEs
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