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Turnpike Properties in the Calculus of Variations and Optimal Control (English, Alexander J. Zaslavski)-55% OFF
Science & Mathematics

Turnpike Properties in the Calculus of Variations and Optimal Control (English, Alexander J. Zaslavski)

By Alexander J. ZaslavskiSpringer
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Book Details

ISBN-139780387281551
ISBN-10038728155X

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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

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