An application of time scales to economics
نویسندگان
چکیده
Economics is a discipline in which there appears to be many opportunities for applications of time scales. The time scales approach will not only unify the standard discrete and continuous models in economics, but also, for example, allows for payments which arrive at unequally spaced points in time. We present a dynamic optimization problem from economics, construct a time scales model, and apply calculus of variations to derive a solution. Time scale calculus would allow exploration of a variety of situations in economics. c © 2005 Elsevier Ltd. All rights reserved.
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ورودعنوان ژورنال:
- Mathematical and Computer Modelling
دوره 43 شماره
صفحات -
تاریخ انتشار 2006