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Titlebook: Optimal Firm Behaviour in the Context of Technological Progress and a Business Cycle; Onno Hilten Book 1991 Springer-Verlag Berlin Heidelb

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Shadow Prices in a Model with Pure State Constraints,n models (e.g., Maurer [1984], Peterson [1973]) and their usefulness in economics (e.g., Intriligator [1971]). Of course, the most prominent feature of dynamic shadow prices is that they are functions of time. In Optimal Control Theory, especially the shadow prices belonging to the state variables p
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Technological Progress in Vintage Models of the Firm: Scrapping Condition and Steady State,e supply side: due to an exogeneously given technological progress, the production function of the firm shifts over time.. The analysis will be restricted to a very specific type of technological progress, namely the ‘embodied labour augmenting’ type. The adjective ‘embodied’ means that the technolo
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Summary and Conclusions,emand curve. This requires a stretching of the limits of the application of dynamic optimisation to economics. Chapter 3 argues that this thesis (and much related work) is still in the phase of working on the ‘tool box’, which is a ‘preliminary to the main attack’ (i.e. empirical applications). Chap
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Optimal Firm Behaviour in the Context of Technological Progress and a Business Cycle978-3-662-02718-9Series ISSN 0075-8442 Series E-ISSN 2196-9957
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,On Dynamic Optimisation Models of the Firm as a Branch of ‘Pure Theory’ and on the Use of MathematiThis chapter consists of two parts. Section 3.2 discusses the use of theoretical optimisation models of the firm. In section 3.3 some guidelines are derived for the use of mathematics in the remainder of this thesis.
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https://doi.org/10.1007/978-3-662-02718-9Financing; Finanzierungspolitik; Investionspolitik; Investment; Konjunkturzyklen; Technologischer Fortsch
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