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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 canunderstand the...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Chow, Gregory C.
Formato: Electrónico eBook
Idioma:Inglés
Publicado: New York : Oxford University Press, 2014.
Temas:
Acceso en línea:Texto completo
Descripción
Sumario: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 canunderstand 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 understandthe substance of.
Notas:Chapter Eight: Models of Investment.
Descripción Física:1 online resource (249 pages)
ISBN:9780195356311
0195356314