Optimal control theory provides a mathematical framework for devising strategies that steer dynamical systems towards a desired performance while minimising a prescribed cost function. In recent ...

Merton, Robert C. "Analytical Optimal Control Theory as Applied to Stochastic and Non-Stochastic Economics." Diss., Massachusetts Institute of Technology (MIT), 1970.

Optimal control theory for differential equations is a pivotal discipline that combines rigorous mathematical analysis with practical applications in engineering, economics, and the natural sciences.

The American Economic Review is a general-interest economics journal. Established in 1911, the AER is among the nation's oldest and most respected scholarly journals in the economics profession and is ...

https://doi.org/10.15609/annaeconstat2009.133.0109 • https://www.jstor.org/stable/10.15609/annaeconstat2009.133.0109 Copy URL This paper studies the optimal ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Back in the distant dark days of 2012, the world was still struggling to recover from the financial crisis.

In a three-way allocation, the Nobel Memorial Prize in Economic Science was awarded moments ago to Leonid Hurwicz, of the University of Minnesota-Twin Cities; Eric S. Maskin, of the Institute for ...