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Record Nr. |
UNINA9910791448203321 |
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Autore |
Weitzman Martin L. <1942-> |
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Titolo |
Income, wealth, and the maximum principle [[electronic resource] /] / Martin L. Weitzman |
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Pubbl/distr/stampa |
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Cambridge, Mass., : Harvard University Press, 2003 |
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ISBN |
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Descrizione fisica |
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1 online resource (358 p. ) : ill |
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Disciplina |
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Soggetti |
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Economics - Mathematical models |
Mathematical optimization |
Maximum principles (Mathematics) |
National income - Accounting |
Wealth - Mathematical models |
Economic development - Mathematical models |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Originally published: 2003. |
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Nota di bibliografia |
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Includes bibliographical references (p. 329-335) and index. |
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Nota di contenuto |
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Frontmatter -- Contents -- Preface -- Introduction -- Part I. Introduction to the Maximum Principle -- 1. The Calculus of Variations and the Stationary Rate of Return on Capital -- 2. The Prototype-Economic Control Problem -- 3. The Maximum Principle in One Dimension -- 4. Applications of the Maximum Principle in One Dimension -- Part II. Comprehensive Accounting and the Maximum Principle -- 5. Optimal Multisector Growth and Dynamic Competitive Equilibrium -- 6. The Pure Theory of Perfectly Complete National Income Accounting -- 7. The Stochastic Wealth and Income Version of the Maximum Principle -- References -- Index |
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Sommario/riassunto |
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A compact exposition of optimal control theory and applications, which presents an elementary yet rigorous proof of the maximum principle and a way of applying the principle that should enable students to solve any one-dimensional problem routinely. |
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