Foundations of Dynamic Economic Analysis: Optimal Control Theory and Applications

Idioma: inglés

Editorial: Cambridge University Press, 2005

0521603684 / 9780521603683

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Descripción del artículo del vendedor

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.…

N° de ref. del artículo CIN0521603684G

Título
Foundations of Dynamic Economic Analysis: Optimal Control Theory and Applications
Autor
Michael R Caputo
Editorial
Cambridge University Press
Año de publicación
2005
Estado
Good
Encuadernación
Paperback
Idioma
inglés
ISBN 10
0521603684
ISBN 13
9780521603683

World of Books Inc

Montgomery, IL, Estados Unidos de America

Vendedor de 4 estrellas

Vendedor de IberLibro desde 23 de marzo de 2026

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