Download or read book Optimal Programme of Capital Accumulation in a Multi sector Economy written by Sukhamoy Chakravarty and published by . This book was released on 1964 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Studies in Optimization 1 written by and published by SIAM. This book was released on 1970-01-01 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Collected Scientific Work of David Cass written by Stephen E. Spear and published by Emerald Group Publishing. This book was released on 2011-01-26 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consists of the work David Cass completed after leaving Carnegie Mellon for the University of Pennsylvania's Economics Department (where he remained for the rest of his career).
Download or read book Handbook on Optimal Growth 1 written by Rose-Anne Dana and published by Springer Science & Business Media. This book was released on 2006-07-01 with total page 489 pages. Available in PDF, EPUB and Kindle. Book excerpt: The problem of efficient or optimal allocation of resources is a fundamental concern of economic analysis. This book 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.
Download or read book The Hamiltonian Approach to Dynamic Economics written by David Cass and published by Academic Press. This book was released on 2014-05-10 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Hamiltonian Approach to Dynamic Economics focuses on the application of the Hamiltonian approach to dynamic economics and attempts to provide some unification of the theory of heterogeneous capital. Emphasis is placed on the stability of long-run steady-state equilibrium in models of heterogeneous capital accumulation. Generalizations of the Samuelson-Scheinkman approach are also given. Moreover, conditions are sought on the geometry of the Hamiltonian function (that is, on static technology) that suffice to preserve under (not necessarily small) perturbation the basic properties of the Hamiltonian dynamical system. Comprised of eight essays, this book begins with an introduction to Hamiltonian dynamics in economics, followed by a discussion on optimal steady states of n-sector growth models when utility is discounted. Optimal growth and decentralized or descriptive growth models in both continuous and discrete time are treated as applications of Hamiltonian dynamics. Theproblem of optimal growth with zero discounting is considered, with emphasis on a steepness condition on the Hamiltonian function. The general problem of decentralized growth with instantaneously adjusted expectations about price changes is also analyzed, along with the global asymptotic stability of optimal control systems with applications to the theory of economic growth. This monograph will be of value to mathematicians and economists.
Download or read book Existence of an Optimal Programme of Capital Accumulation in a Finite Time Horizon written by Taradas Bandyopadhyay and published by . This book was released on 1975 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book External Research written by United States. Department of State. External Research Division and published by . This book was released on with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Welfare Incentives and Taxation written by James A. Mirrlees and published by Oxford University Press, USA. This book was released on 2006 with total page 588 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together published and unpublished but seminal work in welfare, development, and public sector economics, providing an overview of much of the author's work.
Download or read book A Neo Classical Theory of Distribution and Wealth written by Hans U. Buhl and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 155 pages. Available in PDF, EPUB and Kindle. Book excerpt: The distribution of capital and income in general and its re lation to wealth and economic growth in particular have attrac ted economists' interest for a long time already. Especially the, at least partially, conflicting nature of the two politi cal objectives, namely to obtain substantially large economic growth and a "just" income distribution at the same time, has caused the topic to become a subject of political discussions. As a result of these discussions, numerous models of workers' participation in the profits of growing economies have been developed. To a minor extent and with quite diverse success, some have been implemented in practice. It is far beyond the scope of this work to outline all these approaches from the past centuries and, in particular, the past decades. In economic theory many authors, for instance Kaldor [1955], Krelle [1968], [1983], Pasinetti [1962], Samuelson and Modigli ani [1966], to name but a few, have analyzed the long-term eco nomic implications of workers' saving and investment. While most of this extensive literature is highly interesting, it suffers from the fact that it does not explicitly consider either workers' or capitalists' objectives and thus neglects their impacts on economic growth. Thus, in the framework of a neo-classical model, these objectives and their impacts will be emphasized here.
Download or read book Capital Theory written by John Eatwell and published by Springer. This book was released on 1990-07-23 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an excerpt from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This extract concentrates on the topic of capital theory.
Download or read book The Collected Scientific Work of David Cass written by David Cass and published by Emerald Group Publishing. This book was released on 2011-01-26 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consists of David Cass' early work from his time in graduate school at Stanford University, studying under Hirofumi Uzawa, and as an assistant professor at Yale's Cowles Commission, and his tenure at Carnegie Mellon University's Graduate School of Industrial Administration.
Download or read book Stochastic Economics written by Gerhard Tintner and published by Elsevier. This book was released on 2014-05-10 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stochastic Economics: Stochastic Processes, Control, and Programming presents some aspects of economics from a stochastic or probabilistic point of view. The application of stochastic processes to the theory of economic development, stochastic control theory, and various aspects of stochastic programming is discussed. Comprised of four chapters, this book begins with a short survey of the stochastic view in economics, followed by a discussion on discrete and continuous stochastic models of economic development. The next chapter focuses on methods of stochastic control and their application to dynamic economic models, with emphasis on those aspects connected especially with the theory of quantitative economic policy. Some basic operational problems of applying stochastic control, particularly in economic systems and organizations for problems such as dynamic resource allocation, growth planning, and economic coordination are considered. The last chapter is devoted to stochastic programming, paying particular attention to the decision rule theory of operations research under the chance-constrained model and a method of incorporating reliability measures into a systems reliability model. This book will be of interest to economists, statisticians, applied mathematicians, operations researchers, and systems engineers.
Download or read book Taxation and Endogenous Growth in Open Economies written by Mr.Gian Milesi-Ferretti and published by International Monetary Fund. This book was released on 1994-07-01 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the effects of taxation of human capital, physical capital and foreign assets in a multi-sector model of endogenous growth. It is shown that in general the growth rate is reduced by taxes on capital and labor (human capital) income. When the government faces no borrowing constraints and is able to commit to a given set of present and future taxes, it is shown that the optimal tax plan involves high taxation of both capital and labor in the short run. This allows the government to accumulate sufficient assets to finance spending without any recourse to distortionary taxation in the long run. When restrictions to government borrowing and lending are imposed, the model implies that human and physical capital should be taxed similarly.
Download or read book Equilibrium and Dynamics written by Mukul Majumdar and published by Springer. This book was released on 1992-06-18 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last 40 years, Professor David Gale has played a leading role in developing two themes of fundamental importance to economic theory. As a tribute to his creative research, this volume contains contributions from some leading researchers who explore different directions in these areas.
Download or read book Research on International Affairs written by United States Department of State. External Research Division and published by . This book was released on 1965 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beginning in 1954, Apr. issue lists studies in progress; Oct. issue, completed studies.
Download or read book Lilly Conference on Recent Developments in Economics written by Elmus Wicker and published by . This book was released on 1977 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Optimal Paths of Capital Accumulation Under the Minimum Time Objective written by M. Kurz and published by . This book was released on 1963 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
