Titlebook: Dynamic Optimization and Mathematical Economics; Pan-Tai Liu Book 1980 Springer Science+Business Media New York 1980 asset pricing.calculu

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Optimal Stabilization Policies for Decentralized Macroeconomic Systems with Conflicting Targetserized by an informationally decentralized structure. On the most general level, the state of the system is affected by the actions of several decision makers. The solution to such a problem is possible only under certain decentralization of the policy planning decision making. On the other hand, th

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A Minimum Principle for Decentralized Stochastic Control Problemssentation of systems in state space form is now almost universally accepted as the correct framework for posing questions of control and for formulating and analyzing proposed solutions. The power of the state concept derives from two properties. First, the current value of the state is a sufficient

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Optimal Pricing, Use, and Exploration of Uncertain Natural Resource Stocks on the interaction of demand (or utility) considerations with the initial stock. In a competitive world, prices would clearly have to rise at the rate of interest to keep resource holders indifferent between extracting the resource now and later.

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A Game-Theoretic Approach to Bureaucratic Behaviordual office in an agency is a bureau, as are the agencies themselves and the cabinet department of which they are part. In industry the different divisions or branches of a corporation can be considered bureaus. In universities the departments can be treated as bureaus.

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