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 ...

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.

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

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 ...

Proceedings. Annual Conference on Taxation and Minutes of the Annual Meeting of the National Tax Association, Vol. 113 (2020), pp. 1-79 (80 pages) I study the optimal default savings rate in automatic ...

Oxford Review of Economic Policy, Vol. 23, No. 1, THE SOLOW GROWTH MODEL (SPRING 2007), pp. 15-24 (10 pages) The famous '1956' contribution by Robert Solow was always thought to be central to positive ...