Dynamic Optimization and Mathematical Economics pp 183-203 | Cite as

# Dynamics and Control of a System Composed of a Large Number of Similar Subsystems

Chapter

## Abstract

There are dynamic systems that are composed of many interacting subsystems and are too large or too complicated in some senses to lend themselves conveniently to the various analytical or computational procedures for control and/or estimation that we find in control and system theory literature, since these techniques require, on the whole, that states and control actions by each and every decision maker of subsystems be known to each other or to some coordinating agents.

## Keywords

System Compose Pretax Income Aggregate Signal Representative Firm Marginal Cost Curve
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## References

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## Supplementary References

- Aokt, M., Local controllability of a decentralized economic system,
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## Copyright information

© Plenum Press, New York 1980