Dynamic Policies of the Firm : An Optimal Control Approach

Hilten, Otto van /Kort, Peter M. /Loon, Paul J. van

ISBN 10: 3540561250 / ISBN 13: 9783540561255

Published by Springer-Verlag GmbH & Co. KG, 1992

About this Item

Zustand: Gut | Seiten: 458 | Sprache: Englisch | Produktart: Bücher | Keine Beschreibung verfügbar.

Seller Inventory # 397537/203

Bibliographic Details

• Title: Dynamic Policies of the Firm : An Optimal Control Approach
• Publisher: Springer-Verlag GmbH & Co. KG
• Publication Date: 1992
• Language: English
• ISBN 10: 3540561250
• ISBN 13: 9783540561255
• Binding: Hardcover
• Condition: Gut
• Seller catalogs:
  • Bücher

About this title

Synopsis

In this book we open our insights in the Theory of the Firm, obtained through the application of Optimal Control Theory, to a public of scholars and advanced students in economics and applied mathematics. We walk on the micro economic side of the street that is bordered by Theory of the Firm on one side and by Optimal Control Theory on the other, keeping the reader away from all the dead end roads we turned down during our 10 years lasting research. We focus attention on the expressiveness and variety of insights that are obtained through studying only simple models of the firm. In this book mathematics is our tool, insight in optimal corporate policy our goal. Therefore most of the mathematics and calculations is put into appendices and in the main text all attention is on modelling corporate behaviour and on analysing the results of the calculations. So, the main text focusses on micro economics, even more specific: on Theory of the Firm. In that way this book is contrasted from such famous text books in applied Optimal Control with a much broader portfolio of applications, like Feichtinger & Hartl (1986) or with a more rigorous introduction into theory, like Seierstad & Sydsaeter (1987).