Корично изображение Електронна книга

Income, wealth, and the maximum principle /

Annotation This compact and original exposition of optimal control theory and applications is designed for graduate and advanced undergraduate students in economics. It presents a new elementary yet rigorous proof of the maximum principle and a new way of applying the principle that will enable stud...

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Основен автор: Weitzman, Martin L., 1942-
Формат: Електронна книга
Език: English
Публикувано: Cambridge, Mass. : Harvard University Press, 2003.
Предмети:
Онлайн достъп: http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=282384
Подобни документи: Print version:: Income, wealth, and the maximum principle.
Резюме: Annotation This compact and original exposition of optimal control theory and applications is designed for graduate and advanced undergraduate students in economics. It presents a new elementary yet rigorous proof of the maximum principle and a new way of applying the principle that will enable students to solve any one-dimensional problem routinely. Its unified framework illuminates many famous economic examples and models. This work also emphasizes the connection between optimal control theory and the classical themes of capital theory. It offers a fresh approach to fundamental questions such as: What is income? How should it be measured? What is its relation to wealth?The book will be valuable to students who want to formulate and solve dynamic allocation problems. It will also be of interest to any economist who wants to understand results of the latest research on the relationship between comprehensive income accounting and wealth or welfare.
Физически характеристики: 1 online resource (viii, 341 pages) : illustrations
Библиография: Includes bibliographical references (pages 329-335) and index.
ISBN: 9780674045071
0674045076
9780674010444
0674010442