• DocumentCode
    2996536
  • Title

    Control theory in economic models: A survey

  • Author

    Kendrick, D.

  • Author_Institution
    The University of Texas, Austin, Texas
  • fYear
    1971
  • fDate
    15-17 Dec. 1971
  • Firstpage
    80
  • Lastpage
    84
  • Abstract
    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.
  • Keywords
    Chemical analysis; Control theory; Industrial control; Investments; Jacobian matrices; Machinery; Macroeconomics; Microeconomics; Stochastic processes; Unemployment;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Decision and Control, 1971 IEEE Conference on
  • Conference_Location
    Miami Beach, FL, USA
  • Type

    conf

  • DOI
    10.1109/CDC.1971.270954
  • Filename
    4044715
    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=49&DC=2996536