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Optimal Firm Behaviour in the Context of Technological Progress and a Business Cycle
Onno Van Hilten
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Description for Optimal Firm Behaviour in the Context of Technological Progress and a Business Cycle
Paperback. Deals with optimal company behaviour in the context of technological progress and fluctuating demand in an optimal control model of a company. The "maximum principle" is used to deduce optimal policy after two government variables and some government constraints have been added to the model. Series: Lecture Notes in Economics and Mathematical Systems. Num Pages: 245 pages, biography. BIC Classification: KCH; PDE; TBJ. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly. Dimension: 242 x 170 x 13. Weight in Grams: 434.
This thesis is a theoretical study of the optimal dynamic policies of a, to some extent, slowly adjusting firm that faces an exogeneously given technological progress and an exogeneously given business cycle. It belongs to the area of mathematical economics. It is intended to appeal to mathematical economists in the first place, economists in the second place and mathematicians in the third place. It entails an attempt to stretch the limits of the application of deterministic dynamic optimisation to economics, in particular to firm behaviour. A well-known· Dutch economist (and trained mathematician) recently stated in 1 a local university newspaper ... Read more
This thesis is a theoretical study of the optimal dynamic policies of a, to some extent, slowly adjusting firm that faces an exogeneously given technological progress and an exogeneously given business cycle. It belongs to the area of mathematical economics. It is intended to appeal to mathematical economists in the first place, economists in the second place and mathematicians in the third place. It entails an attempt to stretch the limits of the application of deterministic dynamic optimisation to economics, in particular to firm behaviour. A well-known· Dutch economist (and trained mathematician) recently stated in 1 a local university newspaper ... Read more
Product Details
Format
Paperback
Publication date
1991
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
245
Condition
New
Series
Lecture Notes in Economics and Mathematical Systems
Number of Pages
233
Place of Publication
Berlin, Germany
ISBN
9783540535638
SKU
V9783540535638
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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