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Author | : Carlo Carraro |
Publisher | : Springer Science & Business Media |
Total Pages | : 355 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 9400934955 |
Download Developments of Control Theory for Economic Analysis Book in PDF, ePub and Kindle
Giovanni Castellani Rector of the University of Venice This book contains the Proceedings of the Conference on "Economic Policy and Control Theory" which was held at the University of Venice (Italy) on 27 January-l February 1985. The goal of the Conference was to survey the main developments of control theory in economics, by emphasizing particularly new achievements in the analysis of dynamic economic models by con trol methods. The development of control theory is strictly related to the development of science and technology in the last forty years. Control theory was indeed applied mainly in engineering, and only in the sixties economists started using control methods for analys ing economic problems, even if some preliminary economic applica tions of calculus of variations, from which control theory was then developed, date back to the twenties. Applications of control theory in economics also had to solve new, complicated, problems, like those encountered in optimal growth models, or like the determination of the appropriate inter temporal social welfare function, of the policy horizon and the relative final state of the system, of the appropriate discount factor. Furthermore, the uncertainty characterizing economic models had to be taken into account, thus giving rise to the development of stochastic control theory in economics.
Author | : Carlo Carraro |
Publisher | : |
Total Pages | : 339 |
Release | : 1987 |
Genre | : Control theory |
ISBN | : 9789024726226 |
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Author | : Gustav Feichtinger |
Publisher | : |
Total Pages | : |
Release | : 1982 |
Genre | : Control theory |
ISBN | : |
Download Optimal Control Theory and Economic Analysis Book in PDF, ePub and Kindle
Author | : Michael Ralph Caputo |
Publisher | : Cambridge University Press |
Total Pages | : 596 |
Release | : 2005-01-17 |
Genre | : Business & Economics |
ISBN | : 9780521603683 |
Download Foundations of Dynamic Economic Analysis Book in PDF, ePub and Kindle
Foundations of Dynamic Economic Analysis presents a modern and thorough exposition of the fundamental mathematical formalism used to study optimal control theory, i.e., continuous time dynamic economic processes, and to interpret dynamic economic behavior. The style of presentation, with its continual emphasis on the economic interpretation of mathematics and models, distinguishes it from several other excellent texts on the subject. This approach is aided dramatically by introducing the dynamic envelope theorem and the method of comparative dynamics early in the exposition. Accordingly, motivated and economically revealing proofs of the transversality conditions come about by use of the dynamic envelope theorem. Furthermore, such sequencing of the material naturally leads to the development of the primal-dual method of comparative dynamics and dynamic duality theory, two modern approaches used to tease out the empirical content of optimal control models. The stylistic approach ultimately draws attention to the empirical richness of optimal control theory, a feature missing in virtually all other textbooks of this type.
Author | : Gustav Feichtinger |
Publisher | : North Holland |
Total Pages | : 696 |
Release | : 1985 |
Genre | : Business & Economics |
ISBN | : |
Download Optimal Control Theory and Economic Analysis 2 Book in PDF, ePub and Kindle
Author | : Gustav Feichtinger (1940-, author) |
Publisher | : |
Total Pages | : 0 |
Release | : 1988 |
Genre | : |
ISBN | : |
Download Optimal-control-theory and economic analysis Book in PDF, ePub and Kindle
Author | : Viennese Workshop on Economic Applications of Control Theory (2. 16-18 mayo 1984. Viena |
Publisher | : |
Total Pages | : 664 |
Release | : 1985 |
Genre | : |
ISBN | : |
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Author | : |
Publisher | : |
Total Pages | : |
Release | : 1873 |
Genre | : |
ISBN | : |
Download Betrachtungen eines Laien ueber die Confessionen mit spezieller Ruecksicht auf die augsburgische Confession Book in PDF, ePub and Kindle
Author | : John D. Pitchford |
Publisher | : |
Total Pages | : 363 |
Release | : 1977 |
Genre | : |
ISBN | : |
Download Applications of control theory to economic analysis Book in PDF, ePub and Kindle
Author | : Gustav Feichtinger |
Publisher | : North-Holland |
Total Pages | : 372 |
Release | : 1988 |
Genre | : Business & Economics |
ISBN | : |
Download Optimal Control Theory and Economic Analysis 3 Book in PDF, ePub and Kindle
Optimal control theory is a powerful instrument in the analysis of intertemporal economic decision processes. This book provides a survey of control-theoretic applications in economics, management science, and operations research. Among the subjects covered are optimal cyclical policies in control models, new theoretical developments in optimal control and differential games, models on the dynamics of the firm, and various applications of optimal control theory to economic problems.