Umfang:
1 Online-Ressource (xii, 579 pages)
,
digital, PDF file(s)
ISBN:
9780511806827
Inhalt:
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
Anmerkung:
Title from publisher's bibliographic system (viewed on 05 Oct 2015)
Weitere Ausg.:
ISBN 9780521842723
Weitere Ausg.:
ISBN 9780521603683
Weitere Ausg.:
Erscheint auch als Druck-Ausgabe ISBN 9780521842723
Sprache:
Englisch
Fachgebiete:
Wirtschaftswissenschaften
Schlagwort(e):
Volkswirtschaftslehre
;
Mathematisches Modell
;
Kontrolltheorie
DOI:
10.1017/CBO9780511806827
URL:
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URL:
Volltext
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