Dynamic economics: optimization by the lagrange method

By:

Chow, Gregory C

Material type: Text

TextPublication details: 1997 Oxford University Press OxfordDescription: xiii, 234 pISBN:

9780195101928

Subject(s):

DDC classification:

330.0151 C4D9

Summary: This work provides a unified and simple treatment of dynamic economics using dynamic optimization as the main theme, and the method of Lagrange multipliers to solve dynamic economic problems. The author presents the optimization framework for dynamic economics in order that readers can understand the approach and use it as they see fit. Instead of using dynamic programming, the author chooses instead to use the method of Lagrange multipliers in the analysis of dynamic optimization because it is easier and more efficient than dynamic programming, and allows readers to understand the substance of dynamic economics better. (http://ukcatalogue.oup.com/product/9780195101928.do)

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Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Book	Ahmedabad	330.0151 C4D9 (Browse shelf(Opens below))	Available		175649

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Previous	330.01183 F3D9 Dynamic economic models in discrete time: theory and empirical applications	330.015 W3O7 Optimal control theory with applications in economics	330.0151 A6 The analysis of linear economic systems: Father Maurice Potron's pioneering works	330.0151 C4D9 Dynamic economics: optimization by the lagrange method

This work provides a unified and simple treatment of dynamic economics using dynamic optimization as the main theme, and the method of Lagrange multipliers to solve dynamic economic problems. The author presents the optimization framework for dynamic economics in order that readers can understand the approach and use it as they see fit. Instead of using dynamic programming, the author chooses instead to use the method of Lagrange multipliers in the analysis of dynamic optimization because it is easier and more efficient than dynamic programming, and allows readers to understand the substance of dynamic economics better. (http://ukcatalogue.oup.com/product/9780195101928.do)

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