Publisher's Synopsis
This is the fourth issue in a series of volumes on optimal control theory and its economic applications. This volume reflects the important role which optimal control theory and differential games play in economics and management science. They provide powerful tools for the analysis of intertemporal decision processes arising in economics. The first part of the volume deals with optimal control theory and its applications to economics. The second part contains a selection of contributions to applied dynamic game theory. Finally, in the third part the strange behaviour of various nonlinear dynamical systems is investigated. It illustrates the fact that persistent oscillations and chaos play an increasing role in mathematical economics. In addition to including chaos theory a second innovation in this fourth volume of the series is that for the first time selected discussion remarks have been attached as addenda to some of the contributions.
