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Control theory in economic models: A survey

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1 Author(s)
Kendrick, D. ; The University of Texas, Austin, Texas

Many economic problems are naturally modeled as dynamic optimization problems, therefore control theory methods have already found substantial use in economics and are likely to find increasing use in the future. A survey is presented here of the principal uses of control theory by economists in macroeconomic (economy wide) and microeconomic (firm, personal, or sectoral) problems.

Published in:

Decision and Control, 1971 IEEE Conference on  (Volume:10 )

Date of Conference:

Dec. 1971

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