This special issue of Australian Economic Papers (Vol. 44, No. 4, December 2005) gathers rigorous research on stochastic models in economics and finance. It features original papers on optimal investment with minimum consumption (Wendell H. Fleming), two-sector stochastic growth (P.M. Hartley & L.C.G. Rogers), the value of information in stochastic control (Bernt Øksendal), the growth-optimal portfolio (Eckhard Platen), optimal debt and endogenous growth (Jerome L. Stein), dynamic asset allocation in incomplete markets (Sasha F. Stoikov & Thaleia Zariphopoulou) and a study on bounded rationality (Ziyu Zheng).

Published by Blackwell Publishing in paperback (2005), this 166-page issue is well suited for researchers, graduate students and practitioners interested in theoretical and applied stochastic economics. A valuable reference for course reading lists and academic libraries, add it to your collection.

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