Optimization in Economics and Finance Some Advances in Non-Linear, Dynamic, Multi-Criteria and Stochastic Models /

• Main Authors: Craven, Bruce D. (Author), Islam, Sardar M. N. (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Boston, MA : Springer US, 2005.
• Series: Dynamic Modeling and Econometrics in Economics and Finance, 7
• Subjects: Finance.; Mathematical optimization.; Economic theory.; Econometrics.; Public finance.; Economic growth.; Economics.; Economic Theory/Quantitative Economics/Mathematical Methods.; Public Economics.; Optimization.; Economic Growth.; Finance, general.

Many optimization questions arise in economics and finance; an important example of this is the society's choice of the optimum state of the economy (the social choice problem). Optimization in Economics and Finance extends and improves the usual optimization techniques, in a form that may be a...

Table of Contents:

• : Optimal Models for Economics and Finance
• Mathematics of Optimal Control
• Computing Optimal Control : The SCOM package
• Computing Optimal Growth and Development Models
• Modelling Financial Investment with Growth
• Modelling Sustainable Development
• Modelling and Computing a Stochastic Growth Model
• Optimization in Welfare Economics
• Transversality Conditions for Infinite Horizon
• Conclusions.