Turnpike Properties in the Calculus of Variations and Optimal Control (English, Alexander J. Zaslavski)
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Book Details
Publisher
Springer
Language
English
ISBN-13
9780387281551
ISBN-10
038728155X
Author
Alexander J. Zaslavski
About the Book
This monograph is devoted to recent progress in the turnpike t- ory. Turnpike properties are well known in mathematical economics. The term was ?rst coined by Samuelson who showed that an e?cient expanding economy would for most of the time be in the vicinity of a balanced equilibrium path (also called a von Neumann path) [78, 79]. These properties were studied by many authors for optimal trajec- ries of a Neumann-Gale model determined by a super…
ISBN: 9780387281551
ISBN-13: 9780387281551
ISBN-10: 038728155X
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Product ID: isbn-9780387281551
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