Elements of Dynamic Optimization

by Alpha C. Chiang (Author)

15 ratings

ISBN-13: 978-1577660965

ISBN-10: 157766096X

Why is ISBN important?

Have one to sell?

Sell on Amazon

Used: Like New | Details

Sold by bookloverswarehouse

Access codes and supplements are not guaranteed with used items.

11 Used from $81.43

+ $3.59 shipping

Only 7 left in stock (more on the way).

Ships from and sold by Amazon.com.

Available at a lower price from other sellers that may not offer free Prime shipping.

Arrives: Tuesday, Aug 11 Details

1 New from $115.00

& FREE Shipping. Details

Available at a lower price from other sellers that may not offer free Prime shipping.

In this volume Dr. Chiang introduces readers to the most important methods of dynamic optimization used in economics. The classical calculus of variations, optimal control theory, and dynamic programming in its discrete form are explained in the usual Chiang fashion--with patience and thoroughness. The economic examples, selected from both classical and recent literature, serve not only to illustrate applications of the mathematical methods, but also to provide a useful glimpse of the development of thinking in several areas of economics. Outstanding features include: (1) written with clarity and a comparable level of expository patience; (2) reinforces discussions of mathematical techniques with numerical illustrations, economic examples, and exercise problems; (3) presents a simple problem with a well- known solution in several different alternative formulations in the numerical illustrations; and (4) explains economic models in a step-by-step manner (from the initial construction through the intricacies of mathematical analysis to its final solution).

Titles of related interest also available from Waveland Press: Ekelund-Hebert, A History of Economic Theory and Method, Fifth Edition (ISBN 9781577664864); and Gramlich, A Guide to Benefit-Cost Analysis, Second Edition (ISBN 9780881339888).

Frequently bought together

Total price: $149.66

One of these items ships sooner than the other. Show details

Buy the selected items together

This item:Elements of Dynamic Optimization by Alpha C. Chiang Hardcover $102.95
Only 7 left in stock (more on the way).
Ships from and sold by Amazon.com.
FREE Shipping. Details
A First Course in Optimization Theory by Rangarajan K. Sundaram Paperback $46.71
Available to ship in 1-2 days.
Ships from and sold by Amazon.com.
FREE Shipping. Details

Customers who viewed this item also viewed

Page 1 of 1 Start overPage 1 of 1

This shopping feature will continue to load items when the Enter key is pressed. In order to navigate out of this carousel please use your heading shortcut key to navigate to the next or previous heading.

Kevin Wainwright

42

Hardcover
$124.24
Hal R. Varian

76

Hardcover
$81.86
Walter Enders

20

Paperback
$164.39
Only 2 left in stock - order soon.
Rangarajan K. Sundaram

32

Paperback
$46.71
Andreu Mas-Colell

91

Hardcover
$184.99
Daniel Leonard

1

Paperback
$64.32
Only 1 left in stock - order soon.

Special offers and product promotions

Amazon Business : Save 25% off first $200 of business supplies. Register a free business account

Editorial Reviews

Review

Chiang's book has filled a void in that it is the most accessible and succinct treatment of dynamic optimization in continuous time to date. --Vic Valcarcel, Texas Tech University

From the Back Cover

"This book is immensely valuable, especially for students coming to this material for the first time. Professor Chiang has a singular talent for clear exposition of complex mathematical concepts. This text is simply the best introduction to dynamic optimization I have ever seen." -- John McDermott, University of South Carolina

"Chiang has done it again." -- Henry Thompson, Auburn University

"A brilliant, highly readable book. Bringing together tractable dynamics and a rich array of applications, it covers in depth some major analytical developments in dynamic macroeconomics. Dynamic macroeconomics in the 1990s was about introducing various kinds of market imperfections and heterogeneity in the models available before. This book teaches, in a comprehensive and understandable way, how to use and formulate these models. Chiang makes it insightful and natural for the reader, using the tools he has laid out, to go on to attack substantive and original research in dynamic macroeconomics. Invaluable for teachers and students alike." -- Zuhair Al-Fakhouri, Wayne State University

"This is the most understandable text I have come across on topics of optimization. The author discusses the formal elements of problems in an informal way to facilitate an easy grasp of the crucial points. I have learned and re-learned control theory from this book better than any other text." -- Abdul Qayum, Portland State University

Hardcover: 327 pages
Publisher: Waveland Pr Inc (December 23, 1999)
Language: English
ISBN-10: 157766096X
ISBN-13: 978-1577660965
Product Dimensions: 6.8 x 0.8 x 9.2 inches
Shipping Weight: 1.2 pounds (View shipping rates and policies)
Customer Reviews: 15 customer ratings
Amazon Best Sellers Rank: #1,525,465 in Books (See Top 100 in Books)
- #7138 in Economics (Books)
- #2071 in Calculus (Books)
- #2391 in Theory of Economics

Would you like to tell us about a lower price?

If you are a seller for this product, would you like to suggest updates through seller support?

Customer reviews

5 star		78%
4 star		22%
3 star 0% (0%)		0%
2 star 0% (0%)		0%
1 star 0% (0%)		0%

How does Amazon calculate star ratings?

There was a problem filtering reviews right now. Please try again later.

Don Tawanpitak

Best dynamic optimization textbook

Reviewed in the United States on August 14, 2018

Verified Purchase

Very readable and provide a lot of intuition. Not very rigorous in term of proofs though.

One person found this helpful

Helpful

Comment

John

Nice introduction

Reviewed in the United States on October 18, 2010

Verified Purchase

Just as in Fundamentals, Chiang tries not to give a recipe book, but to explain the rationale underlying the method. And, just as before, he does it well. If it is your first approach to dynamic optimization in economics, it's probably the best book to start from. It covers only calculus of variations and optimal control theory though.

5 people found this helpful

Helpful

Comment

Park Kun Su

Very useful book!!!

Reviewed in the United States on October 23, 2012

Verified Purchase

One of my professors recommend the book. I think that it is a very useful book.
So, I strongly recommend it.

2 people found this helpful

Helpful

Comment

René Rosado

The book I order is incomplete!! There are ...

Reviewed in the United States on November 13, 2014

Verified Purchase

Excelent book

Helpful

Comment

A reviewer

Very Good Introduction

Reviewed in the United States on March 22, 2005

This book provides an introduction to the advanced subject of dynamic optimization in an easy to comprehend manner. For students with no previous background in the subject, it is the best book in the market.If you are familiar with Chiang's Fundamental Methods of Mathematical Economics, you can expect the same level of comfort. There are plenty of examples in the text and all the aspects of the subject are covered. A valuable book to own and deserves the 5 stars.

12 people found this helpful

Helpful

Comment

Evens SALIES

Better than any course I have attended on this topic

Reviewed in the United States on July 29, 2010

The book of professor Chiang does not only introduce the reader to dynamic optimization in the continuous-time form, but it also offers tight explanations of the related original economic models. It is better than any of the courses on these issues I have attented before. I wish a similar book will appear soon with more focus on optimal control in the discret-time form.

One person found this helpful

Helpful

Comment

evens salies

Better than any of the courses I had attented.

Reviewed in the United States on February 21, 2001

The book of professor Chiang is not simply a good introductory text to dynamic optimization in the continuous-time form, but also provides a tight explanation of the related original economic models. It is better than any of the courses most people had attented before. I wish a similar book will appear soon, developing dynamic optimization tools, and especially optimal control in the discret-time form.

7 people found this helpful

Helpful

Comment

Daniel J. Elmore

Chiang does it again.

Reviewed in the United States on May 4, 2000

No one in the field of mathematical economics has half of Chiang's skill for explaining difficult subjects in a complete, understandable manner. If this is your textbook, consider yourself fortunate. If it isn't, buy it anyways. You'll definitely come out ahead.

11 people found this helpful

Helpful

Comment

Top international reviews

Translate all reviews to English

Said Daggash

Five Stars

Reviewed in the United Kingdom on December 18, 2017

Verified Purchase

An excellent book, new and in impeccable state

Sending feedback...

Thank you for your feedback.

Sorry, we failed to record your vote. Please try again

kuroeba

動学最適化問題に関しての最高の入門書。

Reviewed in Japan on May 29, 2002

Verified Purchase

かのチャン氏による動学最適化問題入門。変分法とハミルトニアンに関して、これでもかというほどの説明と例題と練習問題（略解あり）がある本です。とはいえ、若干冗長な感は否めず、西村清彦先生の『経済学のための最適化理論入門』の後半部分の方が若干簡潔にまとまっているのでそちらのスタイルがよいと言う人もいるでしょう。さりながら、数学的基礎が足りない自分のような人間にとってはこういうself-containedな本の存在はありがたく、非常に重宝しております。
学部レベルと大学院レベルのマクロ経済学の間には、埋めがたい溝があるように感じる方も多いでしょうが、そのような方のマクロ経済学の基礎体力作りにはもってこいの一冊です。また、主要なマクロ・モデルも例題でカバーされているあたり、二度おいしい本と言えましょう。

12 people found this helpful

Sending feedback...

Thank you for your feedback.

Sorry, we failed to record your vote. Please try again

Translate review to English

You've read the top international reviews

See all reviews from the United States

Customers who bought this item also bought

Page 1 of 1 Start overPage 1 of 1

Fumio Hayashi

50

Hardcover
$69.48
Andreu Mas-Colell

91

Hardcover
$184.99
Daron Acemoglu

40

Hardcover
$74.64
Robert S. Gibbons

55

Paperback
$52.48
Hal R. Varian

76

Hardcover
$81.86
Nancy L. Stokey

33

Hardcover
$104.50
Only 7 left in stock - order soon.

Elements of Dynamic Optimization

Frequently bought together

Customers who viewed this item also viewed

Special offers and product promotions