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Handbook of Optimal Growth, v. 1 - The Discrete Time Horizon (Hardcover)
Loot Price: R4,731
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Handbook of Optimal Growth, v. 1 - The Discrete Time Horizon (Hardcover)
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The problem of efficient or optimal allocation of resources is a
fundamental concern of economic analysis. The theory of optimal
economic growth can be viewed as an aspect of this central theme,
which emphasizes in general the issues arising in the allocation of
resources over an infinite time horizon, and in particular the
consumption-investment decision process in models in which there is
no natural "terminal date". This broad scope of "optimal growth
theory" is one which has evolved over time, as economists have
discovered new interpretations of its central results, as well as
new applications of its basic methods. The "Handbook on Optimal
Growth" provides surveys of significant results of the theory of
optimal growth, as well as the techniques of dynamic optimization
theory on which they are based. Armed with the results and methods
of this theory, a researcher will be in an advantageous position to
apply these versatile methods of analysis to new issues in the area
of dynamic economics.
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