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Optimal Control Theory with Economic Applications


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Table of Contents

Calculus of Variations. Optimal Control Theory Without Restrictions On The State Variables. Extensions. Mixed Constraints. Pure State Constraints. Mixed and Pure State Constraints.


Frederick van der Ploeg ... will be useful for graduate students and researchers wanting a thorough guide to solving a few dimensional optimal control problems in economic theory. Economic Journal ...can be recommended to any advanced economist. It will be valuable for everyone who is concerned with dynamical systems in economic theory. Moreover for a textbook it makes an essential contribution to the theory of optimal controls. Journal of Economics, 1989 St. Jorgensen ... a valuable addition to the literature on optimal control of economic processes. Zentralblatt fur Mathematik G. Feichtinger I highly recommend the book which is in my opinion the best text on economic applications of optimal control theory being on market. Moreover, there is no doubt that it is also of interest to non-economists. Zeitschrift fur Operations Research - Series A: Theory

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