1996 | OriginalPaper | Chapter
Introduction
Authors : Dr. Mark W. J. Blok, A. T. Kearney
Published in: Dynamic Models of the Firm
Publisher: Springer Berlin Heidelberg
Included in: Professional Book Archive
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The research described in this book contributes to the scientific field of optimal control theory applied to dynamic models of the firm. In 1963, Jorgenson first wrote about the use of optimal control theory in order to analyze the dynamic investment behaviour of a hypothetical firm. A decade later, reports appeared of work on more realistic models of the firm carried out by, amongst others, Lesourne [1973] and Bensoussan et al. [1974].