Optimal Control Theory and Static Optimization in Economics

Optimal control theory is a technique being used increasingly by academic economists to study problems involving optimal decisions in a multi-period framework. This textbook is designed to make the difficult subject of optimal control theory easily accessible to economists while at the same time maintaining rigour. Economic intuitions are emphasized, and examples and problem sets covering a wide range of applications in economics are provided to assist in the learning process. Theorems are clearly stated and their proofs are carefully explained.Léonard, Daniel is the author of 'Optimal Control Theory and Static Optimization in Economics' with ISBN 9780521331586 and ISBN 0521331587.