


Paper's Title:
A New Property of General Means of Order p with an Application to the Theory of Economic Growth
Author(s):
Olivier de La Grandville
Department of Management Science and Engineering,
Huang Engineering Center, Stanford University,
475 Via Ortega, Stanford, California 94305
U.S.A.
Abstract:
The purpose of this note is to demonstrate a new property of the general mean of order p of m ordered positive numbers . If p < 0 and if , the elasticity of with respect to x_{m}, defined by , tends towards zero, and therefore . This property is then applied to optimal growth theory.
Paper's Title:
EndPoint and Transversality Conditions in the Calculus of Variations: Derivations through Direct Reasoning
Author(s):
Olivier de La Grandville
Stanford University,
Department of Management Science and Engineering,
475 Via Ortega, Stanford, CA 94305,
U. S. A.
Email: ola@stanford.edu
Abstract:
We offer an intuitive explanation of the endpoint and transversality conditions that complement the Euler equation in the calculus of variations. Our reasoning is based upon the fact that any variation given to an optimal function must entail a zero net gain to the functional, all consequences of implied changes in its derivative being fully taken into account.
Paper's Title:
Introducing the Dorfmanian: A Powerful Tool for the Calculus Of Variations
Author(s):
Olivier de La Grandville
Department of Management Science and Engineering,
Stanford University,
475 Via Ortega, Stanford, CA 94305,
U. S. A.
Email: odelagrandville@gmail.com
Abstract:
We show how a modified Hamiltonian proposed by Robert Dorfman [1] to give intuitive sense
to the Pontryagin maximum principle can be extended to easily obtain all
highorder equations of the calculus of variations. This new concept is
particularly efficient to determine the differential equations leading to
the extremals of functionals defined by nuple integrals, while a
traditional approach would require  in some cases repeatedly  an
extension of Green's theorem to nspace.
Our paper is dedicated to the memory of Robert Dorfman (1916  2002).
Paper's Title:
A New Interpretation of the Number e
Author(s):
Olivier de La Grandville
Faculty of Economics, Goethe University,
Frankfurt, TheodorAdorno Platz 4,
60323 Frankfurt am Main,
Germany.
Email:
odelagrandville@gmail.com
Abstract:
We show that e is the amount that 1 becomes when it is invested during an arbitrary time span of length T, at any continuously compounded interest rates as long as their average is equal to 1/T . A purely mathematical interpretation of e is the amount a unit quantity becomes after any duration T when the average of its instantaneous growth rates is 1/T. This property can be shown to remain valid if T tends to infinity as long as the integral of the growth rates converges to unity.
Paper's Title:
A OneLine Derivation of the Euler and Ostrogradski Equations
Author(s):
Olivier de La Grandville
Stanford University,
Department of Management Science and Engineering,
Stanford, CA 94305,
U. S. A
Abstract:
At the very heart of major results of classical physics, the Euler and Ostrogradski equations have apparently no intuitive interpretation. In this paper we show that this is not so. Relying on Euler's initial geometric approach, we show that they can be obtained through a direct reasoning that does not imply any calculation. The intuitive approach we suggest offers two benefits: it gives immediate significance to these fundamental secondorder nonlinear differential equations; and second, it allows to obtain a property of the calculus of variations that does not seem to have been uncovered until now: the Euler and Ostrogradski equations can be derived not necessarily by giving a variation to the optimal function  as is always done; one could equally well start by giving a variation to their derivative(s).
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