Książka Developments of Control Theory for Economic Analysis Carlo Carraro

Developments of Control Theory for Economic Analysis

Język: Angielski
Oprawa: Twarda
Wydawca: Springer
Dostępność: Dostępna u dostawcy w małych ilościach
Wysyłamy za 11-15 dni
953.34
Giovanni Castellani Rector of the University of Venice This book contains the Proceedings of the Con...

Informacje o książce

Język
Angielski
Oprawa
Książka - Twarda
strony
340
EAN
9789024733453
ISBN
9024733456
Enbook ID
01969476
Wydawca
Waga
1530
Wymiary
155 x 235 x 24

Pełny opis

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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