A Semigroups Approach to the Study of a Second Order Partial Differential Equation Applied in Economics
In this paper we will study the well known problem of production functions in an operator semigroup approach. In general, semigroups can be used to solve a large class of problems commonly known as evolution equations. They are usually described by an initial value problem for a differential equation, also known as a Cauchy problem. After summarizing some of the major properties of semigroups theory, we will provide an application to the theory of production functions. Finally we present some concluding remarks.
|Date of creation:||06 Oct 2011|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- repec:ebl:ecbull:v:3:y:2007:i:9:p:1-8 is not listed on IDEAS
- Constantin Chilarescu & Nicolas Vaneecloo, 2007.
"A Stochastic Approach to the Cobb-Douglas Production Function,"
AccessEcon, vol. 3(9), pages 1-8.
- Nicolas Vaneecloo & Constantin Chilarescu, 2007. "A stochastic approach to the Cobb-Douglas Production Function," Post-Print halshs-00284915, HAL.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:33908. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht)
If references are entirely missing, you can add them using this form.