Optimal control theory is a technique being used increasingly by academic economists to study problems involving optimal decisions in a multi-period framework.

Optimal control theory is a technique being used increasingly by academic economists to study problems involving optimal decisions in a multi-period framework.

This book, first published in 1996, introduces students to optimization theory and its use in economics and allied disciplines. The first of its three parts exa

A rigorous introduction to optimal control theory, with an emphasis on applications in economics. This book bridges optimal control theory and economics, discus

Optimal control methods are used to determine optimal ways to control a dynamic system. The theoretical work in this field serves as a foundation for the book,