000			02873nam a22003738i 4500
001			CR9781139173551
003			UkCbUP
005			20200124160302.0
006			m|||||o||d||||||||
007			cr||||||||||||
008			111013s1991||||enk o ||1 0|eng|d
020			_a9781139173551 (ebook)
020			_z9780521331586 (hardback)
020			_z9780521337465 (paperback)
040			_aUkCbUP _beng _erda _cUkCbUP
050	0	0	_aHB143.7 _b.L46 1991
082	0	0	_a330/.01/51 _220
100	1		_aLeonard, Daniel, _eauthor.
245	1	0	_aOptimal control theory and static optimization in economics / _cDaniel Leonard, Ngo van Long.
246	3		_aOptimal Control Theory & Static Optimization in Economics
264		1	_aCambridge : _bCambridge University Press, _c1991.
300			_a1 online resource (x, 353 pages) : _bdigital, PDF file(s).
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
500			_aTitle from publisher's bibliographic system (viewed on 05 Oct 2015).
520			_aOptimal control theory is a technique being used increasingly by academic economists to study problems involving optimal decisions in a multi-period framework. This textbook is designed to make the difficult subject of optimal control theory easily accessible to economists while at the same time maintaining rigour. Economic intuitions are emphasized, and examples and problem sets covering a wide range of applications in economics are provided to assist in the learning process. Theorems are clearly stated and their proofs are carefully explained. The development of the text is gradual and fully integrated, beginning with simple formulations and progressing to advanced topics such as control parameters, jumps in state variables, and bounded state space. For greater economy and elegance, optimal control theory is introduced directly, without recourse to the calculus of variations. The connection with the latter and with dynamic programming is explained in a separate chapter. A second purpose of the book is to draw the parallel between optimal control theory and static optimization. Chapter 1 provides an extensive treatment of constrained and unconstrained maximization, with emphasis on economic insight and applications. Starting from basic concepts, it derives and explains important results, including the envelope theorem and the method of comparative statics. This chapter may be used for a course in static optimization. The book is largely self-contained. No previous knowledge of differential equations is required.
650		0	_aMathematical optimization.
650		0	_aControl theory.
650		0	_aStatics and dynamics (Social sciences)
700	1		_aLong, Ngo van, _eauthor.
776	0	8	_iPrint version: _z9780521331586
856	4	0	_uhttps://doi.org/10.1017/CBO9781139173551
999			_c520476 _d520474