Dynamic Economic Analysis
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Dynamic Economic Analysis
Author: Gerhard Sorger
language: en
Publisher: Cambridge University Press
Release Date: 2015-02-12
Concise yet rigorous, this textbook provides a clear and systematic introduction to the theory and application of dynamic economic models.
Foundations of Dynamic Economic Analysis
Author: Michael R. Caputo
language: en
Publisher: Cambridge University Press
Release Date: 2005-01-17
Foundations of Dynamic Economic Analysis presents a modern and thorough exposition of the fundamental mathematical formalism used to study optimal control theory, i.e., continuous time dynamic economic processes, and to interpret dynamic economic behavior. The style of presentation, with its continual emphasis on the economic interpretation of mathematics and models, distinguishes it from several other excellent texts on the subject. This approach is aided dramatically by introducing the dynamic envelope theorem and the method of comparative dynamics early in the exposition. Accordingly, motivated and economically revealing proofs of the transversality conditions come about by use of the dynamic envelope theorem. Furthermore, such sequencing of the material naturally leads to the development of the primal-dual method of comparative dynamics and dynamic duality theory, two modern approaches used to tease out the empirical content of optimal control models. The stylistic approach ultimately draws attention to the empirical richness of optimal control theory, a feature missing in virtually all other textbooks of this type.
Dynamic Economic Analysis
Author: Milton Harris
language: en
Publisher: Oxford University Press, USA
Release Date: 1987
In industrial organization and labour economics, many of the most interesting recent contributions have encompassed explicit dynamics as well as extensive form games. This book collects and explains a number of the most widely used techniques in dynamic economic analysis.