Control of linear systems with rational expectations. The case of incomplete information.

Emilio Cerdá Tena

Trabajos de Investigación Operativa (1992)

  • Volume: 7, Issue: 1, page 51-61
  • ISSN: 0213-8204

Abstract

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The problem of optimal control of linear economic systems with rational expectations and quadratic objective function is solved for the case of incomplete information. The case of complete information has been previously studied. In both problems the hypothesis of causality is not satisfied and, therefore, the standard techniques of control theory cannot be directly applied, though the method used is based on these techniques.

How to cite

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Cerdá Tena, Emilio. "Control of linear systems with rational expectations. The case of incomplete information.." Trabajos de Investigación Operativa 7.1 (1992): 51-61. <http://eudml.org/doc/40622>.

@article{CerdáTena1992,
abstract = {The problem of optimal control of linear economic systems with rational expectations and quadratic objective function is solved for the case of incomplete information. The case of complete information has been previously studied. In both problems the hypothesis of causality is not satisfied and, therefore, the standard techniques of control theory cannot be directly applied, though the method used is based on these techniques.},
author = {Cerdá Tena, Emilio},
journal = {Trabajos de Investigación Operativa},
keywords = {Teoría de sistemas; Control estocástico; Esperanza condicionada; Sistemas lineales; optimal control of linear economic systems; rational expectations; quadratic objective function; incomplete information},
language = {eng},
number = {1},
pages = {51-61},
title = {Control of linear systems with rational expectations. The case of incomplete information.},
url = {http://eudml.org/doc/40622},
volume = {7},
year = {1992},
}

TY - JOUR
AU - Cerdá Tena, Emilio
TI - Control of linear systems with rational expectations. The case of incomplete information.
JO - Trabajos de Investigación Operativa
PY - 1992
VL - 7
IS - 1
SP - 51
EP - 61
AB - The problem of optimal control of linear economic systems with rational expectations and quadratic objective function is solved for the case of incomplete information. The case of complete information has been previously studied. In both problems the hypothesis of causality is not satisfied and, therefore, the standard techniques of control theory cannot be directly applied, though the method used is based on these techniques.
LA - eng
KW - Teoría de sistemas; Control estocástico; Esperanza condicionada; Sistemas lineales; optimal control of linear economic systems; rational expectations; quadratic objective function; incomplete information
UR - http://eudml.org/doc/40622
ER -

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