Optimal control theory and static optimisation in economics / Daniel Leonard and Ngo van Long

By:

Leonard, Daniel

Contributor(s):

Long, Ngo van

Material type: Text

TextPublication details: Cambridge : Cambridge University Press, 1992Description: x, 353 p. 23 cmISBN:

9780521337465

Subject(s):

DDC classification:

330.0151 LEO

Tags from this library: No tags from this library for this title. Log in to add tags.

Average rating: 0.0 (0 votes)

Holdings
Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Book	Calcutta	330.0151 LEO (Browse shelf(Opens below))	Available		IIMC-129750

Total holds: 0

Optimal control theory is a technique being used increasingly by academic economists to study problems involving optimal decisions in a multi-period framework. This book is designed to make the difficult subject of optimal control theory easily accessible to economists while at the same time maintaining rigor. Economic intuition is emphasized, examples and problem sets covering a wide range of applications in economics are provided, theorems are clearly stated and their proofs are carefully explained. The development of the text is gradual and fully integrated, beginning with the simple formulations and progressing to advanced topics. Optimal control theory is introduced directly, without recourse to the calculus of variations, and the connection with the latter and with dynamic programming is explained in a separate chapter.

There are no comments on this title.

to post a comment.