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Dynamic Policies of the Firm

An Optimal Control Approach

  • Onno van Hilten
  • Peter M. Kort
  • Paul J. J. M. van Loon

Table of contents

  1. Front Matter
    Pages I-XI
  2. State of the Art

    1. Front Matter
      Pages XIII-XIII
    2. Onno van Hilten, Peter M. Kort, Paul J. J. M. van Loon
      Pages 1-6
    3. Onno van Hilten, Peter M. Kort, Paul J. J. M. van Loon
      Pages 7-26
    4. Onno van Hilten, Peter M. Kort, Paul J. J. M. van Loon
      Pages 27-59
  3. Investment and Finance

    1. Front Matter
      Pages 61-61
    2. Onno van Hilten, Peter M. Kort, Paul J. J. M. van Loon
      Pages 63-87
    3. Onno van Hilten, Peter M. Kort, Paul J. J. M. van Loon
      Pages 89-117
  4. Production

    1. Front Matter
      Pages 119-119
    2. Onno van Hilten, Peter M. Kort, Paul J. J. M. van Loon
      Pages 121-147
    3. Onno van Hilten, Peter M. Kort, Paul J. J. M. van Loon
      Pages 149-172
    4. Onno van Hilten, Peter M. Kort, Paul J. J. M. van Loon
      Pages 173-193
  5. Dynamic and Risky Environment

    1. Front Matter
      Pages 195-195
    2. Onno van Hilten, Peter M. Kort, Paul J. J. M. van Loon
      Pages 197-217
    3. Onno van Hilten, Peter M. Kort, Paul J. J. M. van Loon
      Pages 219-246
    4. Onno van Hilten, Peter M. Kort, Paul J. J. M. van Loon
      Pages 247-257
    5. Onno van Hilten, Peter M. Kort, Paul J. J. M. van Loon
      Pages 259-260
  6. Back Matter
    Pages 261-445

About this book

Introduction

In this book we open our insights in the Theory of the Firm, obtained through the application of Optimal Control Theory, to a public of scholars and advanced students in economics and applied mathematics. We walk on the micro economic side of the street that is bordered by Theory of the Firm on one side and by Optimal Control Theory on the other, keeping the reader away from all the dead end roads we turned down during our 10 years lasting research. We focus attention on the expressiveness and variety of insights that are obtained through studying only simple models of the firm. In this book mathematics is our tool, insight in optimal corporate policy our goal. Therefore most of the mathematics and calculations is put into appendices and in the main text all attention is on modelling corporate behaviour and on analysing the results of the calculations. So, the main text focusses on micro economics, even more specific: on Theory of the Firm. In that way this book is contrasted from such famous text books in applied Optimal Control with a much broader portfolio of applications, like Feichtinger & Hartl (1986) or with a more rigorous introduction into theory, like Seierstad & Sydsaeter (1987).

Keywords

Betriebswirtschaftslehre Dynamic Policies of the Firm Finance Financing Investment Investment Theory Optimal Control Theory Production Theorie der Unternehmung Theory of Finance Unternehmenspolitik Unternehmenstheorie corporate finance optimization rating

Authors and affiliations

  • Onno van Hilten
    • 1
  • Peter M. Kort
    • 2
  • Paul J. J. M. van Loon
    • 3
    • 4
  1. 1.Netherlands Energy Research Foundation ECNPettenThe Netherlands
  2. 2.Department of EconomicsTilburg UniversityTilburgThe Netherlands
  3. 3.Coopers & Lybrand Management ConsultantsUtrechtThe Netherlands
  4. 4.Department of EconomicsGroningen UniversityGroningenThe Netherlands

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-77884-1
  • Copyright Information Springer-Verlag Berlin Heidelberg 1993
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-642-77886-5
  • Online ISBN 978-3-642-77884-1
  • Buy this book on publisher's site