It takes the average reader 4 hours and 3 minutes to read Optimal Firm Behaviour in the Context of Technological Progress and a Business Cycle by Onno van Hilten
Assuming a reading speed of 250 words per minute. Learn more
This thesis is a theoretical study of the optimal dynamic policies of a, to some extent, slowly adjusting firm that faces an exogeneously given technological progress and an exogeneously given business cycle. It belongs to the area of mathematical economics. It is intended to appeal to mathematical economists in the first place, economists in the second place and mathematicians in the third place. It entails an attempt to stretch the limits of the application of deterministic dynamic optimisation to economics, in particular to firm behaviour. A well-known· Dutch economist (and trained mathematician) recently stated in 1 a local university newspaper that mathematical economists give economics a bad reputation, since they formulate their problems from a mathematical point of view and they are only interested in technical, mathematical problems. At the same time, however, "profound as economists may be, when it comes to extending or modifying the existing theory to make it applicable to a certain economic problem, an understanding of optimal control theory (which is the mathematical theory used in this thesis, ovh) based solely on heuristic arguments will often turn out to be inadequate" (SydS
Optimal Firm Behaviour in the Context of Technological Progress and a Business Cycle by Onno van Hilten is 237 pages long, and a total of 60,909 words.
This makes it 80% the length of the average book. It also has 74% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 5 hours and 32 minutes to read Optimal Firm Behaviour in the Context of Technological Progress and a Business Cycle aloud.
Optimal Firm Behaviour in the Context of Technological Progress and a Business Cycle is suitable for students ages 12 and up.
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