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Dynamic Policies of the Firm
  • Language: en
  • Pages: 439

Dynamic Policies of the Firm

In this book we open our insights in the Theory of the Firm, obtained through the application of Optimal Control Theory, to a public of scholars and advanced students in economics and applied mathematics. We walk on the micro economic side of the street that is bordered by Theory of the Firm on one side and by Optimal Control Theory on the other, keeping the reader away from all the dead end roads we turned down during our 10 years lasting research. We focus attention on the expressiveness and variety of insights that are obtained through studying only simple models of the firm. In this book mathematics is our tool, insight in optimal corporate policy our goal. Therefore most of the mathemat...

Optimal Firm Behaviour in the Context of Technological Progress and a Business Cycle
  • Language: en
  • Pages: 237

Optimal Firm Behaviour in the Context of Technological Progress and a Business Cycle

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 that mathematical economists give economic...

Social Sciences Index
  • Language: en
  • Pages: 2266

Social Sciences Index

  • Type: Book
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  • Published: 1991
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  • Publisher: Unknown

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The Cumulative Book Index
  • Language: en
  • Pages: 2318

The Cumulative Book Index

  • Type: Book
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  • Published: 1994
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  • Publisher: Unknown

A world list of books in the English language.

Journal of Economic Theory
  • Language: en
  • Pages: 506

Journal of Economic Theory

  • Type: Book
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  • Published: 1991
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  • Publisher: Unknown

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Optimal Dynamic Investment Policies of a Value Maximizing Firm
  • Language: en
  • Pages: 196

Optimal Dynamic Investment Policies of a Value Maximizing Firm

1.1. Scope of the Book This book is a contribution to the area of "dynamic models of the firm". The motivation for this kind of research is the following: Empirical studies (e.g. Albach (1976)) have shown that the development of the firm over time can be divided into different stages. such as growth. stationarity and contraction. In order to understand and evaluate these stages in a proper way. it is important to develop a suitable theoretical framework. To that end. economists have applied dynamic mathematical techniques. such as optimal control theory. calculus of variations and dynamic programming to design and analyse dynamic models of the firm. In this way. the economic theory of the fi...

Optimal Economic Growth and Non-Stable Population
  • Language: en
  • Pages: 229

Optimal Economic Growth and Non-Stable Population

This book studies optimal economic growth in a closed economy which experiences non-stable population growth. The economy is described by means of a neoclassical growth model which distinguishes overlapping generations within the population. The basic neoclassical growth model is extended to include various types of technical change, as well as investment in human capital or education. The research described in this book connects the analytical tools of traditional growth theory with the actual demographic experience of most industrialized countries. The role of demographic processes in the growth theoretical literature is discussed in the next section. The discussion will show that growth t...

International Bibliography of Economics
  • Language: en
  • Pages: 766

International Bibliography of Economics

IBSS is the essential tool for librarians, university departments, research institutions and any public or private institution whose work requires access to up-to-date and comprehensive knowledge of the social sciences.

XII. Symposium on Operations Research
  • Language: en
  • Pages: 620

XII. Symposium on Operations Research

  • Type: Book
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  • Published: 1989
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  • Publisher: Athenaum

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Bibliographic Guide to Business and Economics
  • Language: en
  • Pages: 508

Bibliographic Guide to Business and Economics

  • Type: Book
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  • Published: 1976
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  • Publisher: Unknown

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