Dynamic Economics: Optimization by the Lagrange Method

by Gregory C. Chow

This work provides a unified and simple treatment of dynamic economics using dynamic optimization as the main theme, and the method of Lagrange multipliers to solve dynamic economic problems. The author presents the optimization framework for dynamic economics in order that readers can understand the approach and use it as they see fit. Instead of using dynamic programming, the author chooses instead to use the method of Lagrange multipliers in the...

• Format: Hardcover
• Language: English
• ISBN: 0195101928
• ISBN13: 9780195101928
• Release Date: February 1997
• Publisher: Oxford University Press
• Length: 248 Pages
• Weight: 1.35 lbs.
• Dimensions: 0.8" x 6.6" x 9.0"