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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Paper provided by European University Institute in its series Economics Working Papers with number
ECO2006/28.
Length: Date of creation: 2006 Date of revision: Handle: RePEc:eui:euiwps:eco2006/28
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Hintermaier, Thomas, 2005.
"A sunspot paradox,"
Economics Letters,
Elsevier, vol. 87(2), pages 285-290, May.
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