Some Characteristic Features of Optimal Control Problems in Economic Theory
Date
1969-02
Authors
Dobell, Rod
Journal Title
Journal ISSN
Volume Title
Publisher
Institute of Electrical and Electronics Engineers
Abstract
This paper formulates the system equations, state and control space constraints, and a criterion functional for an elementary example of a problem in economic growth, and discusses some further interpretation of the underlying economic structure. Several examples are presented to illustrate particular features of control problems in economics; references to further examples, and to more general work in mathematical economics, are cited.
Description
(c) 1969 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other users, including reprinting/ republishing this material for advertising or promotional purposes, creating new collective works for resale or redistribution to servers or lists, or reuse of any copyrighted components of this work in other works.
Keywords
economic growth models, control problems, economic theory, economic policy
Citation
Dobell, A. R. "Some Characteristic Features of Optimal Control Problems in Economic Theory." IEEE Transactions on Automatic Control AC-14.1 (1969): 39-48.