Income, Wealth, and the Maximum Principle

by Martin L. Weitzman

This compact and original exposition of optimal control theory and applications is designed for graduate and advanced undergraduate students in economics. It presents a new elementary yet rigorous proof of the maximum principle and a new way of applying the principle that will enable students to solve any one-dimensional problem routinely. Its unified framework illuminates many famous economic examples and models.

This work also emphasizes...

• Format: Paperback
• Language: English
• ISBN: 0674025768
• ISBN13: 9780674025769
• Release Date: September 2007
• Publisher: Harvard University Press
• Length: 358 Pages
• Weight: 1.05 lbs.
• Dimensions: 0.9" x 5.9" x 8.9"