Handbook on Optimal Growth 1

Rose-Anne Dana

ISBN 10: 3540323082 / ISBN 13: 9783540323082

Verlag: Springer Berlin Heidelberg, Springer Berlin Heidelberg Apr 2006, 2006

Beschreibung

Neuware -The problem of e cient or optimal allocation of resources is a fundamental concern of economic analysis. The theory of optimal economic growth can be viewedasanaspectofthiscentraltheme,whichemphasizesingeneraltheissues arising in the allocation of resources over an in nite time horizon, and in p- ticular the consumption-investment decision process in models in which there is no natural ¿terminal date¿. This broad scope of ¿optimal growth theory¿ is one which has evolved over time, as economists have discovered new interp- tations of its central results, as well as new applications of its basic methods. The purpose of this handbook is to provide surveys of some signi cant results of the theory of optimal growth,as well as the techniques of dynamic optimi- tion theory on which they are based. Armed with the results and methods of this theory, a researcher should be in an advantageous position to apply these versatile methods of analysis to new issues in the area of dynamic economics, as well as to contribute to the further development of the mathematical te- niques of optimization over time. The survey included in this volume all have as a common starting point the seminal contribution of Frank Ramsey (1928).Springer Verlag GmbH, Tiergartenstr. 17, 69121 Heidelberg 500 pp. Englisch.

Bestandsnummer des Verkäufers 9783540323082

Bibliografische Details

• Titel: Handbook on Optimal Growth 1
• Verlag: Springer Berlin Heidelberg, Springer Berlin Heidelberg Apr 2006
• Erscheinungsjahr: 2006
• Sprache: Englisch
• ISBN-10: 3540323082
• ISBN-13: 9783540323082
• Einband: Buch
• Zustand: Neu
• Abmessungen: 241B x 160 H x 33 T Millimeter Breite: 241 mm, Höhe: 160 mm, Tiefe: 33 mm
• Gewicht: 910 Gramm

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Inhaltsangabe

The problem of e?cient or optimal allocation of resources is a fundamental concern of economic analysis. The theory of optimal economic growth can be viewedasanaspectofthiscentraltheme,whichemphasizesingeneraltheissues arising in the allocation of resources over an in?nite time horizon, and in p- ticular the consumption-investment decision process in models in which there is no natural ”terminal date”. This broad scope of ”optimal growth theory” is one which has evolved over time, as economists have discovered new interp- tations of its central results, as well as new applications of its basic methods. The purpose of this handbook is to provide surveys of some signi?cant results of the theory of optimal growth,as well as the techniques of dynamic optimi- tion theory on which they are based. Armed with the results and methods of this theory, a researcher should be in an advantageous position to apply these versatile methods of analysis to new issues in the area of dynamic economics, as well as to contribute to the further development of the mathematical te- niques of optimization over time. The survey included in this volume all have as a common starting point the seminal contribution of Frank Ramsey (1928).

Von der hinteren Coverseite

The problem of efficient or optimal allocation of resources is a fundamental concern of economic analysis. The theory of optimal economic growth can be viewed as an aspect of this central theme, which emphasizes in general the issues arising in the allocation of resources over an infinite time horizon, and in particular the consumption-investment decision process in models in which there is no natural "terminal date". This broad scope of "optimal growth theory" is one which has evolved over time, as economists have discovered new interpretations of its central results, as well as new applications of its basic methods.

The Handbook on Optimal Growth provides surveys of significant results of the theory of optimal growth, as well as the techniques of dynamic optimization theory on which they are based. Armed with the results and methods of this theory, a researcher will be in an advantageous position to apply these versatile methods of analysis to new issues in the area of dynamic economics.