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9783540323082: Handbook on Optimal Growth 1: Discrete Time
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ISBN 10: 3540323082 ISBN 13: 9783540323082
Editorial: Springer, 2006

Sinopsis

The problem of e?cient or optimal allocation of resources is a fundamental concern of economic analysis. The theory of optimal economic growth can be viewedasanaspectofthiscentraltheme,whichemphasizesingeneraltheissues arising in the allocation of resources over an in?nite time horizon, and in p- ticular the consumption-investment decision process in models in which there is no natural ”terminal date”. This broad scope of ”optimal growth theory” is one which has evolved over time, as economists have discovered new interp- tations of its central results, as well as new applications of its basic methods. The purpose of this handbook is to provide surveys of some signi?cant results of the theory of optimal growth,as well as the techniques of dynamic optimi- tion theory on which they are based. Armed with the results and methods of this theory, a researcher should be in an advantageous position to apply these versatile methods of analysis to new issues in the area of dynamic economics, as well as to contribute to the further development of the mathematical te- niques of optimization over time. The survey included in this volume all have as a common starting point the seminal contribution of Frank Ramsey (1928).

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De la contraportada

The problem of efficient or optimal allocation of resources is a fundamental concern of economic analysis. The theory of optimal economic growth can be viewed as an aspect of this central theme, which emphasizes in general the issues arising in the allocation of resources over an infinite time horizon, and in particular the consumption-investment decision process in models in which there is no natural "terminal date". This broad scope of "optimal growth theory" is one which has evolved over time, as economists have discovered new interpretations of its central results, as well as new applications of its basic methods.

The Handbook on Optimal Growth provides surveys of significant results of the theory of optimal growth, as well as the techniques of dynamic optimization theory on which they are based. Armed with the results and methods of this theory, a researcher will be in an advantageous position to apply these versatile methods of analysis to new issues in the area of dynamic economics. 

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Editorial
Springer
Año de publicación
2006
Idioma
Inglés
ISBN 10 
3540323082
ISBN 13 
9783540323082
Encuadernación
Tapa dura
Número de páginas
500
Editor
Dana Rose-Anne, Van Cuong, Mitra Tapan
Contacto del fabricante
Springer Nature Customer Service Center GmbH
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