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Constrained Extrema Introduction to the Differentiable Case with Economic Applications

  • Mohamed A. El-Hodiri

Part of the Lecture Notes in Operations Research and Mathematical Systems book series (LNE, volume 56)

Table of contents

  1. Front Matter
    Pages i-iii
  2. Preface

    1. Mohamed El-Hodiri
      Pages 1-3
  3. Introductory Survey

    1. Front Matter
      Pages 4-4
  4. Finite Dimensional Problems

    1. Front Matter
      Pages 24-24
    2. Mohamed A. El-Hodiri
      Pages 25-33
    3. Mohamed A. El-Hodiri
      Pages 34-38
    4. Mohamed A. El-Hodiri
      Pages 39-59
  5. Variational Problems

    1. Front Matter
      Pages 60-60
    2. Mohamed A. El-Hodiri
      Pages 61-77
    3. Mohamed A. El-Hodiri
      Pages 84-127
  6. Back Matter
    Pages 128-132

About this book

Introduction

These notes are the result of an interrupted sequence of seminars on optimiza­ tion theory with economic applications starting in 1964-1965. This is mentioned by way of explaining the uneven style that pervades them. Lately I have been using the notes for a two semester course on the subject for graduate students in economics. Except for the introductory survey, the notes are intended to provide an appetizer to more sophisticated aspects of optimization theory and economic theory. The notes are divided into three parts. Part I collects most of the results on constrained extremf! of differentiable functionals on finite and not so finite dimensional spaces. It is to be used as a reference and as a place to find credits to various authors whose ideas we report. Part II is concerned with finite dimensional problems and is written in detail. Needless to say, my contributions are marginal. The economic examples are well known and are presented by way of illustrating the theory. Part III is devoted to variational problems leading to a discussion of some optimal control problems. There is a vast amount of literature on these problems and I tried to limit my intrusions to explaining some of the obvious steps that are usually left out. I have borrowed heavily from Akhiezer [ 1], Berkovitz [ 7], Bliss [lOJ and Pars [40J. The economic applications represent some of my work and are presented in the spirit of illustration.

Keywords

economic theory economics inequality optimal control optimization optimization theory rating value-at-risk

Authors and affiliations

  • Mohamed A. El-Hodiri
    • 1
  1. 1.Department of EconomicsUniversity of KansasLawrenceUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-80657-5
  • Copyright Information Springer-Verlag Berlin Heidelberg 1971
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-540-05637-9
  • Online ISBN 978-3-642-80657-5
  • Series Print ISSN 0075-8442
  • Buy this book on publisher's site