Foundations of dynamic economic analysis: optimal control theory and applications

By: Material type: TextTextPublication details: 2005 Cambridge University Press New YorkDescription: xii,579p 24 cm ; PbkISBN:
  • 978-0521603684
Subject(s): Summary: Foundations of Dynamic Economic Analysis presents a modern and thorough exposition of the fundamental mathematical formalism used to study continuous time dynamic economic processes and to interpret dynamic economic behavior, namely, optimal control theory. 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."
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Foundations of Dynamic Economic Analysis presents a modern and thorough exposition of the fundamental mathematical formalism used to study continuous time dynamic economic processes and to interpret dynamic economic behavior, namely, optimal control theory. 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."

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