This book serves not only as an introduction, but also as an advanced text and reference source in the fie..."> This book serves not only as an introduction, but also as an advanced text and reference source in the fie..."/>
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Advanced textbooks in economics : optimal control theory with economic applications

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.rnrnAn 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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2015-00243
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Series Title
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Call Number
330 SEI A
Publisher
: .,
Collation
445 p. :il. , 23 cm
Language
English
ISBN/ISSN
444879234
Classification
330
Content Type
-
Media Type
-
Carrier Type
-
Edition
-
Subject(s)
-
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