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Handbook on Optimal Growth 1

Discrete Time

  • Book
  • © 2006

Overview

  • Provides researchers with surveys of significant results of the theory of optimal growth and the techniques of dynamic optimization theory on which they are based

  • Researchers will be in an advantageous position to apply these versatile methods of analysis to new issues in the areas of dynamic economics which contributes to the further development of the mathematical techniques of optimization over time

  • Includes supplementary material: sn.pub/extras

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Table of contents (14 chapters)

Keywords

About this book

The problem of e?cient or optimal allocation of resources is a fundamental concern of economic analysis. The theory of optimal economic growth can be viewedasanaspectofthiscentraltheme,whichemphasizesingeneraltheissues arising in the allocation of resources over an in?nite time horizon, and in p- ticular 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 interp- tations of its central results, as well as new applications of its basic methods. The purpose of this handbook is to provide surveys of some signi?cant results of the theory of optimal growth,as well as the techniques of dynamic optimi- tion theory on which they are based. Armed with the results and methods of this theory, a researcher should be in an advantageous position to apply these versatile methods of analysis to new issues in the area of dynamic economics, as well as to contribute to the further development of the mathematical te- niques of optimization over time. The survey included in this volume all have as a common starting point the seminal contribution of Frank Ramsey (1928).

Editors and Affiliations

  • CEREMADE, University of Paris IX Dauhine, Paris Cedex 16, France

    Rose-Anne Dana

  • CERMSEM, University of Paris 1 — Pantheon Sorbonne, paris, France

    Cuong Le Van

  • Department of Economics, Cornell University, Ithaca, USA

    Tapan Mitra

  • Institute of Economic Research, Kyoto University, Kyoto, Japan

    Kazuo Nishimura

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