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

Hilten, Onno Van

 
9783540535638: Optimal Firm Behaviour in the Context of Technological Progress and a Business Cycle

Synopsis

This book applies Optimal Control Theory to dynamic firm behaviour. In a deterministic context, the optimal investment and financing policy of a firm which is confronted with technological progress or with a fluctuating demand is studied. A new version of the Maximum Principle is derived in order to handle vintage models. Special attention is given to the shadow price interpretations and the (de-)merits of optimisation models of firm behaviour.

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Autres éditions populaires du même titre

9780387535630: Optimal Firm Behavior in the Context of Technological Progress and a Business Cycle

Edition présentée

ISBN 10 :  0387535632 ISBN 13 :  9780387535630
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