Elements of Dynamic Optimization

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Elements of Dynamic Optimization

By Alpha C. Chiang

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In this text, Dr. Chiang introduces students to the most important methods of dynamic optimization used in economics. The classical calculus of variations, optimal control theory, and dynamic programming in its discrete form are explained in the usual Chiang fashion, with patience and thoroughness. The economic examples, selected from both classical and recent literature, serve not only to illustrate applications of the mathematical methods, but also to provide a useful glimpse of the development of thinking in several areas of economics.

Subject: Business & Economics -> Economics -> General Economics

Elements of Dynamic Optimization
1st edition
Publisher: Waveland Press, Inc. 12/1999
Imprint: Waveland Press
Language: English

ISBN 10: 1478605537
ISBN 13: 9781478605539
Print ISBN: 9781577660965

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