DocumentCode
821055
Title
Stochastic control in economic theory and economic systems
Author
Aoki, Masanao
Author_Institution
University of California, Los Angeles, CA, USA
Volume
21
Issue
2
fYear
1976
fDate
4/1/1976 12:00:00 AM
Firstpage
213
Lastpage
220
Abstract
This paper argues, by means of several examples, that system theory and stochastic control theory are useful and even essential to solve some problems in microeconomics and macroeconomics. It also briefly indicates some potential areas of applications of stochastic control theory to problems in economic theory and regulation of economics.
Keywords
Bibliographies; Economics; Optimal stochastic control; Stochastic optimal control; Stochastic systems; Centralized control; Control engineering; Control systems; Control theory; Economics; Macroeconomics; Microeconomics; Statistical analysis; Stochastic processes; Stochastic systems;
fLanguage
English
Journal_Title
Automatic Control, IEEE Transactions on
Publisher
ieee
ISSN
0018-9286
Type
jour
DOI
10.1109/TAC.1976.1101197
Filename
1101197
Link To Document