The rational expectations revolution and other developments in economics (notably game theory) have fundamentally altered the application of optimal control theory to economic forecasting and planning. In particular, they have shown that economic systems cannot be modeled simplistically on physical systems. However, as the authors show, these developments have greatly enhanced our understanding of how an economy functions, and now make it possible for optimal control theory to be applied much more effectively to economic modeling and planning.
Product Identifiers
Publisher
Cambridge University Press
ISBN-13
9780521264440
eBay Product ID (ePID)
95522567
Product Key Features
Author
Andrew Hughes Hallet, SEAN Holly
Publication Name
Optimal Control, Expectations and Uncertainty
Format
Hardcover
Language
English
Subject
Economics
Publication Year
1989
Type
Textbook
Number of Pages
260 Pages
Dimensions
Item Height
237mm
Item Width
160mm
Item Weight
511g
Additional Product Features
Title_Author
SEAN Holly, Andrew Hughes Hallet
Country/Region of Manufacture
United Kingdom
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