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Application of Stochastic Control Processes to Economics

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Abstract

In this paper we shall deal with the general theory of stochastic- process control and its applications to elementary economic processes. As a special case of these applications we shall consider a simple model of a market and its control.

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References

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© 1968 International Economic Association

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Ullrich, M. (1968). Application of Stochastic Control Processes to Economics. In: Borch, K., Mossin, J. (eds) Risk and Uncertainty. International Economic Association Conference Volumes, Numbers 1–50. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-15248-3_21

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