Onno van Hilten's Books

Dynamic Policies of the Firm

An Optimal Control Approach

By: Onno van Hilten,Peter M. Kort,Paul J.J.M.van Loon

Write a review Read reviews Take a Quiz Solve Book Puzzle

Dynamic Policies of the Firm

An Optimal Control Approach

By: Onno van Hilten,Peter M. Kort,Paul J.J.M.van Loon

In this book we open our insights in the Theory of the Firm, obtained through the application of Optimal Control Theory, to a public of scholars and advanced students in economics and applied mathematics. We walk on the micro economic side of the street that is bordered by Theory of the Firm on one side and by Optimal Control Theory on the other, keeping the reader away from all the dead end roads we turned down during our 10 years lasting research. We focus attention on the expressiveness and variety of insights that are obtained through studying only simple models of the firm. In this book mathematics is our tool, insight in optimal corporate policy our goal. Therefore most of the mathematics and calculations is put into appendices and in the main text all attention is on modelling corporate behaviour and on analysing the results of the calculations. So, the main text focusses on micro economics, even more specific: on Theory of the Firm. In that way this book is contrasted from such famous text books in applied Optimal Control with a much broader portfolio of applications, like Feichtinger & Hartl (1986) or with a more rigorous introduction into theory, like Seierstad & Sydsaeter (1987).

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

439

Publisher

Springer Science & Business Media

Published Date

ISBN 10

3642778844

ISBN 13

9783642778841

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

By: Onno van Hilten

Write a review Read reviews Take a Quiz Solve Book Puzzle

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

By: Onno van Hilten

This thesis is a theoretical study of the optimal dynamic policies of a, to some extent, slowly adjusting firm that faces an exogeneously given technological progress and an exogeneously given business cycle. It belongs to the area of mathematical economics. It is intended to appeal to mathematical economists in the first place, economists in the second place and mathematicians in the third place. It entails an attempt to stretch the limits of the application of deterministic dynamic optimisation to economics, in particular to firm behaviour. A well-known· Dutch economist (and trained mathematician) recently stated in 1 a local university newspaper that mathematical economists give economics a bad reputation, since they formulate their problems from a mathematical point of view and they are only interested in technical, mathematical problems. At the same time, however, "profound as economists may be, when it comes to extending or modifying the existing theory to make it applicable to a certain economic problem, an understanding of optimal control theory (which is the mathematical theory used in this thesis, ovh) based solely on heuristic arguments will often turn out to be inadequate" (SydS

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

237

Publisher

Springer Science & Business Media

Published Date

ISBN 10

3662027186

ISBN 13

9783662027189

Dynamic Policies of the Firm

An Optimal Control Approach

By: Onno van Hilten,Peter M. Kort,Paul J.J.M.van Loon

Write a review Read reviews Take a Quiz Solve Book Puzzle

Dynamic Policies of the Firm

An Optimal Control Approach

By: Onno van Hilten,Peter M. Kort,Paul J.J.M.van Loon

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

439

Publisher

Springer Science & Business Media

Published Date

ISBN 10

3642778844

ISBN 13

9783642778841

Book's by Onno van Hilten

Dynamic Policies of the Firm

Dynamic Policies of the Firm

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

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

Dynamic Policies of the Firm

Dynamic Policies of the Firm

Username

Password

Username

Password

Password again

Birthday

Email