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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Turnpike Theory for the Robinson-Solow-Srinivasan Model

Turnpike Theory for the Robinson-Solow-Srinivasan Model

Zaslavski, Alexander J.

Paperback

Series: Springer Optimization and Its Applications, Book 166

Business GeneralEconomicsGeneral Mathematics

ISBN10: 3030603091
ISBN13: 9783030603090
Publisher: Springer Nature
Published: Jan 6 2022
Pages: 442
Weight: 1.39
Height: 0.92 Width: 6.14 Depth: 9.21
Language: English

This book is devoted to the study of a class of optimal control problems arising in mathematical economics, related to the Robinson-Solow-Srinivasan (RSS) model. It will be useful for researches interested in the turnpike theory, infinite horizon optimal control and their applications, and mathematical economists. The RSS is a well-known model of economic dynamics that was introduced in the 1960s and as many other models of economic dynamics, the RSS model is determined by an objective function (a utility function) and a set-valued mapping (a technology map). The set-valued map generates a dynamical system whose trajectories are under consideration and the objective function determines an optimality criterion. The goal is to find optimal trajectories of the dynamical system, using the optimality criterion.

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