Search Results - subject:"maximum principle"

Investigating the Sensitivity of Equilibrium Profits to Advertising Dynamics and Competitive Effects

Chintagunta, Pradeep K. - In: Management Science 39 (1993) 9, pp. 1146-1162

The author investigates the validity of the "flat maximum principle"---the insensitivity of a firm's profits to changes …-loop vs. open-loop). For the market share game, closed-loop policies are considered and the flat maximum principle is …

Persistent link: https://www.econbiz.de/10009204198

Optimale Kontrolle ökonomischer Prozesse : Anwendungen des Maximumprinzips in den Wirtschaftswissenschaften

Feichtinger, Gustav - 1986

Persistent link: https://www.econbiz.de/10014268760

Dynamic Games and the Time Inconsistency of Optimal Policy in Open Economies

Miller, Marcus; Salmon, Mark - C.E.P.R. Discussion Papers - 1984

In this paper the Maximum Principle is used to derive optimal policies for linear-quadratic, continuous-time economic …

Persistent link: https://www.econbiz.de/10005791247

Note---Optimal Long-Run Equilibrium Advertising Level for the Blattberg-Jeuland Model

Sethi, Suresh P. - In: Management Science 29 (1983) 12, pp. 1436-1443

The purpose of this note is to formulate and solve a dynamic optimization problem based on the Blattberg-Jeuland advertising model. Also examined is the behavior of the optimal long-run equilibrium level of advertising with respect to changes in some important parameters of the problem. In...

Persistent link: https://www.econbiz.de/10009204213

Mathematische Theorie optimaler Prozesse

Pontrjagin, Lev S. (contributor); Hahn, Wolfgang (contributor) - 1964

Persistent link: https://www.econbiz.de/10000521569