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arxiv: 1906.11224 · v1 · pith:LX6IHVKXnew · submitted 2019-06-26 · 💰 econ.TH · math.SG

The Hamiltonian approach to the problem of derivation of production functions in economic growth theory

classification 💰 econ.TH math.SG
keywords derivationeconomicfunctionsgeneralgrowthhamiltonianproductiontheory
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We introduce a general Hamiltonian framework that appears to be a natural setting for the derivation of various production functions in economic growth theory, starting with the celebrated Cobb-Douglas function. Employing our method, we investigate some existing models and propose a new one as special cases of the general $n$-dimensional Lotka-Volterra system of eco-dynamics.

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