Product Description: New growth theory trys to explain the process of long run economic growth through endogenous forces such as human capital, knowledge spillover and IT. This books offers a critical review of important economic issues in new growth theory and discusses its usefulness in policy making...read more (view table of contents, read Amazon.com's description)

Product Description: This book presents the main applied aspects of stochas­ tic optimization in economic models. Stochastic processes and control theory are used under optimization to illustrate the various economic implications of optimal decision rules...read more

Product Description: Understanding the stochastic enviornment is as much important to the manager as to the economist. From production and marketing to financial management, a manager has to assess various costs imposed by uncertainty. The economist analyzes the role of incomplete and too often imperfect information structures on the optimal decisions made by a firm...read more

Product Description: Use of information is basic to economic theory in two ways. As a basis for optimization, it is central to all normative hypotheses used in eco­ nomics, but in decision-making situations it has stochastic and evolution­ ary aspects that are more dynamic and hence more fundamental...read more