Optimal Control Theory and Static Optimization in Economics - Brossura

Leonard, Daniel

 
9780521337465: Optimal Control Theory and Static Optimization in Economics
Brossura
ISBN 10: 0521337461 ISBN 13: 9780521337465
Casa editrice: Cambridge University Press, 2010

Sinossi

Optimal control theory is a technique being used increasingly by academic economists to study problems involving optimal decisions in a multi-period framework. This book is designed to make the difficult subject of optimal control theory easily accessible to economists while at the same time maintaining rigor. Economic intuition is emphasized, examples and problem sets covering a wide range of applications in economics are provided, theorems are clearly stated and their proofs are carefully explained. The development of the text is gradual and fully integrated, beginning with the simple formulations and progressing to advanced topics. Optimal control theory is introduced directly, without recourse to the calculus of variations, and the connection with the latter and with dynamic programming is explained in a separate chapter. Also, the book draws the parallel between optimal control theory and static optimization. No previous knowledge of differential equations is required.

Le informazioni nella sezione "Riassunto" possono far riferimento a edizioni diverse di questo titolo.

Descrizione del libro

This textbook is designed to make the difficult subject of optimal control theory accessible to economists while maintaining rigour.

Contenuti

1. Static optimization; 2. Ordinary differential equations; 3. Introduction to dynamic optimization; 4. The Maximum principle; 5. Connections with the calculus of variations and dynamic programming; 6. The constrained control problem; 7. Endpoint constraints and transversality conditions; 8. Discontinuities in the optimal controls; 9. Infinity horizon problems; 10. Three special topics.

Le informazioni nella sezione "Su questo libro" possono far riferimento a edizioni diverse di questo titolo.

Editore
Cambridge University Press
Data di pubblicazione
2010
Lingua
Inglese
ISBN 10 
0521337461
ISBN 13 
9780521337465
Rilegatura
Copertina flessibile
Numero di pagine
366
Contatto del produttore
non disponibile
Persona responsabile
Avery
https://www.avery.fr/

chemin des peupliers 27
Dardilly
Francia

Altre edizioni note dello stesso titolo

9780521331586: Optimal Control Theory and Static Optimization in Economics

Edizione in evidenza

ISBN 10:  0521331587 ISBN 13:  9780521331586
Casa editrice: Cambridge University Press, 1992
Rilegato