Income, wealth, and the maximum principle /

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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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Bibliographic Details
Call Number:Libro Electrónico
Main Author: Weitzman, Martin L., 1942-
Format: Electronic eBook
Language:Inglés
Published: Cambridge, Mass. : Harvard University Press, 2003.
Subjects:
Economics > Mathematical models.
Mathematical optimization.
Maximum principles (Mathematics)
National income > Accounting.
Wealth > Mathematical models.
Economic development > Mathematical models.
Économie politique > Modèles mathématiques.
Optimisation mathématique.
Principes du maximum (Mathématiques)
Comptabilité nationale.
Richesse > Modèles mathématiques.
Développement économique > Modèles mathématiques.
BUSINESS & ECONOMICS > Economics > Theory.
Economic development > Mathematical models
Economics > Mathematical models
Mathematical optimization
National income > Accounting
Wealth > Mathematical models
Wiskundige economie.
Optimaliseren.
Nationale rekeningen.
Vermogen (economie)
Welvaartseconomie.
Maximalisatie.
Economische ontwikkeling.
Wiskundige modellen.
Richesse.
Revenu national.
Développement économique.
Modèle mathématique.
Science économique.
Principe du maximum.
Online Access:Texto completo
Table of Contents:
  • pt. I. Introduction to the Maximum Principle
  • 1. The Calculus of Variations and the Stationary Rate of Return on Capital
  • 2. The Prototype-Economic Control Problem
  • 3. The Maximum Principle in One Dimension
  • 4. Applications of the Maximum Principle in One Dimension
  • pt. II. Comprehensive Accounting and the Maximum Principle
  • 5. Optimal Multisector Growth and Dynamic Competitive Equilibrium
  • 6. The Pure Theory of Perfectly Complete National Income Accounting
  • 7. The Stochastic Wealth and Income Version of the Maximum Principle.

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