Developments of Control Theory for Economic Analysis: 7 (Advanced Studies in Theoretical and Applied Econometrics) - Hardcover

 
9789024733453: Developments of Control Theory for Economic Analysis: 7 (Advanced Studies in Theoretical and Applied Econometrics)
Hardcover
ISBN 10: 9024733456 ISBN 13: 9789024733453
Verlag: Springer, 1987

Inhaltsangabe

Giovanni Castellani Rector of the University of Venice This book contains the Proceedings of the Conference on "Economic Policy and Control Theory" which was held at the University of Venice (Italy) on 27 January-l February 1985. The goal of the Conference was to survey the main developments of control theory in economics, by emphasizing particularly new achievements in the analysis of dynamic economic models by con­ trol methods. The development of control theory is strictly related to the development of science and technology in the last forty years. Control theory was indeed applied mainly in engineering, and only in the sixties economists started using control methods for analys­ ing economic problems, even if some preliminary economic applica­ tions of calculus of variations, from which control theory was then developed, date back to the twenties. Applications of control theory in economics also had to solve new, complicated, problems, like those encountered in optimal growth models, or like the determination of the appropriate inter­ temporal social welfare function, of the policy horizon and the relative final state of the system, of the appropriate discount factor. Furthermore, the uncertainty characterizing economic models had to be taken into account, thus giving rise to the development of stochastic control theory in economics.

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Reseña del editor

Giovanni Castellani Rector of the University of Venice This book contains the Proceedings of the Conference on "Economic Policy and Control Theory" which was held at the University of Venice (Italy) on 27 January-l February 1985. The goal of the Conference was to survey the main developments of control theory in economics, by emphasizing particularly new achievements in the analysis of dynamic economic models by con­ trol methods. The development of control theory is strictly related to the development of science and technology in the last forty years. Control theory was indeed applied mainly in engineering, and only in the sixties economists started using control methods for analys­ ing economic problems, even if some preliminary economic applica­ tions of calculus of variations, from which control theory was then developed, date back to the twenties. Applications of control theory in economics also had to solve new, complicated, problems, like those encountered in optimal growth models, or like the determination of the appropriate inter­ temporal social welfare function, of the policy horizon and the relative final state of the system, of the appropriate discount factor. Furthermore, the uncertainty characterizing economic models had to be taken into account, thus giving rise to the development of stochastic control theory in economics.

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Verlag
Springer
Erscheinungsdatum
1987
Sprache
Englisch
ISBN 10 
9024733456
ISBN 13 
9789024733453
Einband
Tapa dura
Anzahl der Seiten
368
Herausgeber
Carraro Carlo, Sartore D.
Kontakt zum Hersteller
Nicht verfügbar
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Weitere beliebte Ausgaben desselben Titels

9789401080637: Developments of Control Theory for Economic Analysis: 7 (Advanced Studies in Theoretical and Applied Econometrics)

Vorgestellte Ausgabe

ISBN 10:  9401080631 ISBN 13:  9789401080637
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Softcover