The Hamiltonian approach to dynamic economics /

The Hamiltonian Approach to Dynamic Economics focuses on the application of the Hamiltonian approach to dynamic economics and attempts to provide some unification of the theory of heterogeneous capital. Emphasis is placed on the stability of long-run steady-state equilibrium in models of heterogeneo...

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Bibliographic Details
Other Authors: Cass, David, ed, Shell, Karl, ed
Format: Book
Language:English
Published: New York, N.Y. : Academic Press, 1976
Series:Economic theory, econometrics, and mathematical economics
Subjects:
Table of Contents:
  • Essay I. Introduction to Hamiltonian Dynamics in Economics
  • Essay II. On Optimal Steady States of N-Sector Growth Models when Utility Is Discounted
  • Essay III. The Structure and Stability of Competitive Dynamical Systems
  • Essay IV. Saddle Points of Hamiltonian Systems in Convex Lagrange Problems Having a Nonzero Discount Rate
  • Essay V. Existence of Solutions to Hamiltonian Dynamical Systems of Optimal Growth
  • Essay VI. A Characterization of the Normalized Restricted Profit Function
  • Essay VII. Global A Symptotic Stability of Optimal Control Systems with Applications to the Theory of Economic Growth
  • Essay VIII. A Growth Property in Concave-Convex Hamiltonian Systems.