Mathematics For Stability And Optimization Of Economic Systems PDF Download
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| Author | : Yasuo Murata |
| Publisher | : Academic Press |
| Total Pages | : 439 |
| Release | : 2014-05-10 |
| Genre | : Business & Economics |
| ISBN | : 1483271293 |
Download Mathematics for Stability and Optimization of Economic Systems Book in PDF, ePub and Kindle
Economic Theory and Mathematical Economics: Mathematics for Stability and Optimization of Economic Systems provides information pertinent to the stability aspects and optimization methods relevant to various economic systems. This book presents relevant mathematical theorems sufficient to develop important economic systems, including Leontief input–output systems, Keynesian dynamic models, the Ramsey optimal accumulation systems, and von Neumann expanding economic systems. Organized into two parts encompassing nine chapters, this book begins with an overview of useful theorems on matrices, eigenvalue problems, and matrices with dominant diagonals and P-matrices. This text then explores the linear transformations on vector spaces. Other chapters consider the Hawkins–Simon theorem concerning non-negative linear systems. This book discusses as well the dual linear relations and optimization methods applicable to inequality economic systems. The final chapter deals with powerful optimal control method for dynamical systems. This book is a valuable resource for mathematicians, economists, research workers, and graduate students.
| Author | : Pan-Tai Liu |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 273 |
| Release | : 2013-03-09 |
| Genre | : Science |
| ISBN | : 1468435728 |
Download Dynamic Optimization and Mathematical Economics Book in PDF, ePub and Kindle
As an outgrowth of the advancement in modern control theory during the past 20 years, dynamic modeling and analysis of economic systems has become an important subject in the study of economic theory. Recent developments in dynamic utility, economic planning, and profit optimiza tion, for example, have been greatly influenced by results in optimal control, stabilization, estimation, optimization under conflicts, multi criteria optimization, control of large-scale systems, etc. The great success that has been achieved so far in utilizing modern control theory in economic systems should be attributed to the effort of control theorists as well as economists. Collaboration between the two groups of researchers has proven to be most successful in many instances; nevertheless, the gap between them has existed for some time. Whereas a control theorist frequently sets up a mathematically feasible model to obtain results that permit economic interpretations, an economist is concerned more with the fidelity of the model in representing a real world problem, and results that are obtained (through possibly less mathematical analysis) are due largely to economic insight. The papers appearing in this volume are divided into three parts. In Part I there are five papers on the application of control theory to economic planning. Part II contains five papers on exploration, exploita tion, and pricing of extractive natural resources. Finally, in Part III, some recent advances in large-scale systems and decentralized control appear.
| Author | : Brian Beavis |
| Publisher | : Cambridge University Press |
| Total Pages | : 440 |
| Release | : 1990 |
| Genre | : Economics, Mathematical |
| ISBN | : 9780521336055 |
Download Optimization and Stability Theory for Economic Analysis Book in PDF, ePub and Kindle
This book presents a coherent and systematic exposition of the mathematical theory of the problems of optimization and stability. Both of these are topics central to economic analysis since the latter is so much concerned with the optimizing behaviour of economic agents and the stability of the interaction processes to which this gives rise. The topics covered include convexity, mathematical programming, fixed point theorems, comparative static analysis and duality, the stability of dynamic systems, the calculus of variations and optimal control theory. The authors present a more detailed and wide-ranging discussion of these topics than is to be found in the few books which attempt a similar coverage. Although the text deals with fairly advanced material, the mathematical prerequisites are minimised by the inclusion of an integrated mathematical review designed to make the text self-contained and accessible to the reader with only an elementary knowledge of calculus and linear algebra. A novel feature of the book is that it provides the reader with an understanding and feel for the kinds of mathematical techniques most useful for dealing with particular economic problems. This is achieved through an extensive use of a broad range of economic examples (rather than the numerical/algebraic examples so often found). This is suitable for use in advanced undergraduate and postgraduate courses in economic analysis and should in addition prove a useful reference work for practising economists.
| Author | : Michael D. Intriligator |
| Publisher | : SIAM |
| Total Pages | : 515 |
| Release | : 2002-01-01 |
| Genre | : Mathematics |
| ISBN | : 0898715113 |
Download Mathematical Optimization and Economic Theory Book in PDF, ePub and Kindle
A classic account of mathematical programming and control techniques and their applications to static and dynamic problems in economics.
| Author | : Bruce D. Craven |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 161 |
| Release | : 2006-03-30 |
| Genre | : Business & Economics |
| ISBN | : 0387242805 |
Download Optimization in Economics and Finance Book in PDF, ePub and Kindle
Some recent developments in the mathematics of optimization, including the concepts of invexity and quasimax, have not yet been applied to models of economic growth, and to finance and investment. Their applications to these areas are shown in this book.
| Author | : A. Halanay |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 373 |
| Release | : 2013-03-13 |
| Genre | : Business & Economics |
| ISBN | : 9401589151 |
Download Differential Equations, Discrete Systems and Control Book in PDF, ePub and Kindle
This volume presents some of the most important mathematical tools for studying economic models. It contains basic topics concerning linear differential equations and linear discrete-time systems; a sketch of the general theory of nonlinear systems and the stability of equilibria; an introduction to numerical methods for differential equations, and some applications to the solution of nonlinear equations and static optimization. The second part of the book discusses stabilization problems, including optimal stabilization, linear-quadratic optimization and other problems of dynamic optimization, including a proof of the Maximum Principle for general optimal control problems. All these mathematical subjects are illustrated with detailed discussions of economic models. Audience: This text is recommended as auxiliary material for undergraduate and graduate level MBA students, while at the same time it can also be used as a reference by specialists.
| Author | : Brian Beavis |
| Publisher | : Cambridge University Press |
| Total Pages | : 0 |
| Release | : 1990-02-22 |
| Genre | : Business & Economics |
| ISBN | : 9780521336055 |
Download Optimisation and Stability Theory for Economic Analysis Book in PDF, ePub and Kindle
This text presents a coherent and systematic exposition of the mathematical theory of the problems of optimization and stability, both of which are central to economic analysis. Through extensive use of economic examples, the authors provide the economist with a feel for the kinds of mathematical techniques most useful for dealing with particular economic problems. Although the text deals with fairly advanced material, the mathematical prerequisites are minimized by the inclusion of an integrated mathematical review designed to make the text self-contained and accessible to the reader with only an elementary knowledge of calculus and linear algebra.
| Author | : P.van den Heuvel |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 172 |
| Release | : 2012-12-06 |
| Genre | : Business & Economics |
| ISBN | : 3642954200 |
Download The Stability of a Macroeconomic System with Quantity Constraints Book in PDF, ePub and Kindle
| Author | : M.C. Kemp |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 255 |
| Release | : 2012-12-06 |
| Genre | : Business & Economics |
| ISBN | : 146126278X |
Download Introduction to Mathematical Economics Book in PDF, ePub and Kindle
Our objectives may be briefly stated. They are two. First, we have sought to provide a compact and digestible exposition of some sub-branches of mathematics which are of interest to economists but which are underplayed in mathematical texts and dispersed in the journal literature. Second, we have sought to demonstrate the usefulness of the mathematics by providing a systematic account of modern neoclassical economics, that is, of those parts of economics from which jointness in production has been excluded. The book is introductory not in the sense that it can be read by any high-school graduate but in the sense that it provides some of the mathematics needed to appreciate modern general-equilibrium economic theory. It is aimed primarily at first-year graduate students and final-year honors students in economics who have studied mathematics at the university level for two years and who, in particular, have mastered a full-year course in analysis and calculus. The book is the outcome of a long correspondence punctuated by periodic visits by Kimura to the University of New South Wales. Without those visits we would never have finished. They were made possible by generous grants from the Leverhulme Foundation, Nagoya City University, and the University of New South Wales. Equally indispensible were the expert advice and generous encouragement of our friends Martin Beckmann, Takashi Negishi, Ryuzo Sato, and Yasuo Uekawa.
| Author | : Y. Murata |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 210 |
| Release | : 2012-12-06 |
| Genre | : Business & Economics |
| ISBN | : 1461257379 |
Download Optimal Control Methods for Linear Discrete-Time Economic Systems Book in PDF, ePub and Kindle
As our title reveals, we focus on optimal control methods and applications relevant to linear dynamic economic systems in discrete-time variables. We deal only with discrete cases simply because economic data are available in discrete forms, hence realistic economic policies should be established in discrete-time structures. Though many books have been written on optimal control in engineering, we see few on discrete-type optimal control. More over, since economic models take slightly different forms than do engineer ing ones, we need a comprehensive, self-contained treatment of linear optimal control applicable to discrete-time economic systems. The present work is intended to fill this need from the standpoint of contemporary macroeconomic stabilization. The work is organized as follows. In Chapter 1 we demonstrate instru ment instability in an economic stabilization problem and thereby establish the motivation for our departure into the optimal control world. Chapter 2 provides fundamental concepts and propositions for controlling linear deterministic discrete-time systems, together with some economic applica tions and numerical methods. Our optimal control rules are in the form of feedback from known state variables of the preceding period. When state variables are not observable or are accessible only with observation errors, we must obtain appropriate proxies for these variables, which are called "observers" in deterministic cases or "filters" in stochastic circumstances. In Chapters 3 and 4, respectively, Luenberger observers and Kalman filters are discussed, developed, and applied in various directions. Noticing that a separation principle lies between observer (or filter) and controller (cf.
