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Suboptimization Model of Demand for Investment and Labor: An Optimal Control Theoretic Approach

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  • Hiroki Tsurumi

    (Queen's University)

Abstract

The present paper is an attempt to extend Chetty's work. It derives a suboptimal adaptive control model for the demand for investment and labor by using invariant imbedding equations.

Suggested Citation

  • Hiroki Tsurumi, 1971. "Suboptimization Model of Demand for Investment and Labor: An Optimal Control Theoretic Approach," Working Paper 45, Economics Department, Queen's University.
    • Handle: RePEc:qed:wpaper:45
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    File URL: http://qed.econ.queensu.ca/working_papers/papers/qed_wp_45.pdf
    File Function: First version 1971
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    Cited by:

    1. Martin F.J. Prachowny, 1969. "The Composition of Official International Reserves," Working Paper 4, Economics Department, Queen's University.
    2. Mustafa akan, 2017. "Optimal Capital and Labor Investment in Price Regulated State Economic Service Enterprises," Proceedings of International Academic Conferences 5908306, International Institute of Social and Economic Sciences.

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