Foundations of Dynamic Economic Analysis: Optimal Control Theory and Applications - Tapa blanda

Caputo, Michael R.

 
9780521603683: Foundations of Dynamic Economic Analysis: Optimal Control Theory and Applications
Tapa blanda
ISBN 10: 0521603684 ISBN 13: 9780521603683
Editorial: Cambridge University Press, 2005

Sinopsis

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.

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Acerca del autor

Michael R. Caputo is Professor of Economics in the College of Business Administration, University of Central Florida, in Orlando. He was awarded his PhD in economics from the University of Washington, where he received the Henry C. Beuchel memorial award for distinguished undergraduate teaching by the Department of Economics in 1986. Professor Caputo then taught in the Department of Agriculture and Resource Economics at the University of California, Davis from 1987 to 2003. In 1998 he was inducted into the volume 'Who's Who Among America's Teachers'. Professor Caputo's research has appeared in numerous peer-reviewed journals, including the Review of Economic Studies, the Journal of Economic Theory, International Economic Review, Review of Economics and Statistics, the Journal of Economic Dynamics and Control, the Journal of Mathematical Economics, the Journal of Optimization Theory and Applications, the Journal of Economics, and the American Journal of Agricultural Economics.

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Editorial
Cambridge University Press
Año de publicación
2005
Idioma
Inglés
ISBN 10 
0521603684
ISBN 13 
9780521603683
Encuadernación
Tapa blanda
Número de páginas
592
Contacto del fabricante
no disponible
Persona responsable
gpsr@libri.de
gpsr@libri.de

Europaallee 1
Bad Hersfeld
36244
Alemania

Otras ediciones populares con el mismo título

9780521842723: Foundations of Dynamic Economic Analysis Hardback: Optimal Control Theory and Applications

Edición Destacada

ISBN 10:  0521842727 ISBN 13:  9780521842723
Editorial: Cambridge University Press, 2005
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