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Control Theory Methods in Economics
Sengupta, Jati K.; Fanchon, Philip
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Description for Control Theory Methods in Economics
Hardback. Provides an integrated treatment of control theory in economics. Synthesizing the different phases of control theory methods, including feedback, stochastic and adaptive control, this title discusses several developments in applied control theory. It is suitable for researchers and graduate students of applied control theory methods. Num Pages: 258 pages, biography. BIC Classification: KCA; PBW. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly. Dimension: 235 x 155 x 15. Weight in Grams: 565.
Control theory methods in economics have historically developed over three phases. The first involved basically the feedback control rules in a deterministic framework which were applied in macrodynamic models for analyzing stabilization policies. The second phase raised the issues of various types of inconsistencies in deterministic optimal control models due to changing information and other aspects of stochasticity. Rational expectations models have been extensively used in this plan to resolve some of the inconsistency problems. The third phase has recently focused on the various aspects of adaptive control. where stochasticity and information adaptivity are introduced in diverse ways e.g .• ... Read more
Control theory methods in economics have historically developed over three phases. The first involved basically the feedback control rules in a deterministic framework which were applied in macrodynamic models for analyzing stabilization policies. The second phase raised the issues of various types of inconsistencies in deterministic optimal control models due to changing information and other aspects of stochasticity. Rational expectations models have been extensively used in this plan to resolve some of the inconsistency problems. The third phase has recently focused on the various aspects of adaptive control. where stochasticity and information adaptivity are introduced in diverse ways e.g .• ... Read more
Product Details
Format
Hardback
Publication date
1997
Publisher
Kluwer Academic Publishers United States
Number of pages
258
Condition
New
Number of Pages
258
Place of Publication
Dordrecht, Netherlands
ISBN
9780792398455
SKU
V9780792398455
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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