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portada Optimal Control Theory With Economic Applications (Volume 24) (Advanced Textbooks in Economics, Volume 24)
Type
Physical Book
Publisher
Author
Year
1987
Language
English
Pages
472
Format
Hardcover
Dimensions
23.0 x 16.2 x 2.4 cm
ISBN
0444879234
ISBN13
9780444879233
Edition No.
3
Categories

Optimal Control Theory With Economic Applications (Volume 24) (Advanced Textbooks in Economics, Volume 24)

A. Seierstad; K. Sydsæter (Author) · North Holland · Hardcover

Optimal Control Theory With Economic Applications (Volume 24) (Advanced Textbooks in Economics, Volume 24) - A. Seierstad; K. Sydsæter

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Synopsis "Optimal Control Theory With Economic Applications (Volume 24) (Advanced Textbooks in Economics, Volume 24)"

This book serves not only as an introduction, but also as an advanced text and reference source in the field of deterministic optimal control systems governed by ordinary differential equations. It also includes an introduction to the classical calculus of variations. An important feature of the book is the inclusion of a large number of examples, in which the theory is applied to a wide variety of economics problems. The presentation of simple models helps illuminate pertinent qualitative and analytic points, useful when confronted with a more complex reality. These models cover: economic growth in both open and closed economies, exploitation of (non-) renewable resources, pollution control, behaviour of firms, and differential games. A great emphasis on precision pervades the book, setting it apart from the bulk of literature in this area. The rigorous techniques presented should help the reader avoid errors which often recur in the application of control theory within economics.

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