The Riccati Equation - An Economic Fundamental Equation which Describes Marginal Movement in Time

The objective of this article is to demonstrate that the Riccati equation is an economic fundamental equation, which is marginally descriptive in time for the large majority of economic systems. It is also an objective to interpret the Riccati equation and the corresponding relations in terms of eco...

Full description

Bibliographic Details
Main Authors: Lars P. Lystad, Per-Ole Nyman, Ralph Høybakk
Format: Article
Language:English
Published: Norwegian Society of Automatic Control 2006-01-01
Series:Modeling, Identification and Control
Subjects:
Online Access:http://www.mic-journal.no/PDF/2006/MIC-2006-1-1.pdf