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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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,ע,Two issues dominate the macroeconomic literature on stabilization: (1) Stabilizability: Can the economic system be steered toward a specific target and kept closely on course? (2) Optimizability: Can the stabilization program be designed according to some optimality criterion?
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,ק,In this paper, we discuss optimum extraction of an exhaustible resource. The problem is essentially the same as in (Ref. 1), but we shall study it in greater detail and in a somewhat more general context.
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Optimum Extraction of an Exhaustible Resource: A Mathematical AnalysisIn this paper, we discuss optimum extraction of an exhaustible resource. The problem is essentially the same as in (Ref. 1), but we shall study it in greater detail and in a somewhat more general context.
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,נ (ן),n modern finance, stochastic growth models, and general equilibrium theory. In this way we shall obtain a theory capable of addressing general equilibrium questions such as the following: What is the impact of an increase in the corporate income tax on the relative prices of risky stocks? What is th
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