Foundations of dynamic economic analysis: optimal control theory and applications
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 continu...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Cambridge
Cambridge University Press
2005
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Online-Zugang: | BSB01 FHN01 UBG01 URL des Erstveröffentlichers |
Zusammenfassung: | 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 |
Beschreibung: | Title from publisher's bibliographic system (viewed on 05 Oct 2015) |
Beschreibung: | 1 online resource (xii, 579 pages) |
ISBN: | 9780511806827 |
DOI: | 10.1017/CBO9780511806827 |
Internformat
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520 | |a 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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Datensatz im Suchindex
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author | Caputo, Michael Ralph |
author_facet | Caputo, Michael Ralph |
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author_sort | Caputo, Michael Ralph |
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dewey-full | 330/.01/515642 |
dewey-hundreds | 300 - Social sciences |
dewey-ones | 330 - Economics |
dewey-raw | 330/.01/515642 |
dewey-search | 330/.01/515642 |
dewey-sort | 3330 11 6515642 |
dewey-tens | 330 - Economics |
discipline | Wirtschaftswissenschaften |
doi_str_mv | 10.1017/CBO9780511806827 |
format | Electronic eBook |
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institution | BVB |
isbn | 9780511806827 |
language | English |
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spelling | Caputo, Michael Ralph Verfasser aut Foundations of dynamic economic analysis optimal control theory and applications Michael R. Caputo Cambridge Cambridge University Press 2005 1 online resource (xii, 579 pages) txt rdacontent c rdamedia cr rdacarrier Title from publisher's bibliographic system (viewed on 05 Oct 2015) 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 Mathematisches Modell Wirtschaft Economics / Mathematical models Control theory Mathematical optimization Optimale Kontrolle (DE-588)4121428-6 gnd rswk-swf Volkswirtschaftslehre (DE-588)4078943-3 gnd rswk-swf Optimale Kontrolle (DE-588)4121428-6 s Volkswirtschaftslehre (DE-588)4078943-3 s 1\p DE-604 Erscheint auch als Druckausgabe 978-0-521-60368-3 Erscheint auch als Druckausgabe 978-0-521-84272-3 https://doi.org/10.1017/CBO9780511806827 Verlag URL des Erstveröffentlichers Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
spellingShingle | Caputo, Michael Ralph Foundations of dynamic economic analysis optimal control theory and applications Mathematisches Modell Wirtschaft Economics / Mathematical models Control theory Mathematical optimization Optimale Kontrolle (DE-588)4121428-6 gnd Volkswirtschaftslehre (DE-588)4078943-3 gnd |
subject_GND | (DE-588)4121428-6 (DE-588)4078943-3 |
title | Foundations of dynamic economic analysis optimal control theory and applications |
title_auth | Foundations of dynamic economic analysis optimal control theory and applications |
title_exact_search | Foundations of dynamic economic analysis optimal control theory and applications |
title_full | Foundations of dynamic economic analysis optimal control theory and applications Michael R. Caputo |
title_fullStr | Foundations of dynamic economic analysis optimal control theory and applications Michael R. Caputo |
title_full_unstemmed | Foundations of dynamic economic analysis optimal control theory and applications Michael R. Caputo |
title_short | Foundations of dynamic economic analysis |
title_sort | foundations of dynamic economic analysis optimal control theory and applications |
title_sub | optimal control theory and applications |
topic | Mathematisches Modell Wirtschaft Economics / Mathematical models Control theory Mathematical optimization Optimale Kontrolle (DE-588)4121428-6 gnd Volkswirtschaftslehre (DE-588)4078943-3 gnd |
topic_facet | Mathematisches Modell Wirtschaft Economics / Mathematical models Control theory Mathematical optimization Optimale Kontrolle Volkswirtschaftslehre |
url | https://doi.org/10.1017/CBO9780511806827 |
work_keys_str_mv | AT caputomichaelralph foundationsofdynamiceconomicanalysisoptimalcontroltheoryandapplications |