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Una nota expositiva sobre la condición de transversalidad en modelos económicos dinámicos en tiempo continuo

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  • Marcelo Bianconi

    (Tufts University)

Abstract

This is an expositional note on the transversality condition in continuous time dynamic economic models. We illustrate the basic issues, using the neoclassical one-sector optimal growth asset pricing model. In this class of models the transversality condition is the natural link trying the present to the distant future.

Suggested Citation

  • Marcelo Bianconi, 1991. "Una nota expositiva sobre la condición de transversalidad en modelos económicos dinámicos en tiempo continuo," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 6(2), pages 287-297.
    • Handle: RePEc:emx:esteco:v:6:y:1991:i:2:p:287-297
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    File URL: https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/308/311
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    References listed on IDEAS

    as
    1. Araujo, A. & Scheinkman, J. A., 1983. "Maximum principle and transversality condition for concave infinite horizon economic models," Journal of Economic Theory, Elsevier, vol. 30(1), pages 1-16, June.
    2. Benveniste, L. M. & Scheinkman, J. A., 1982. "Duality theory for dynamic optimization models of economics: The continuous time case," Journal of Economic Theory, Elsevier, vol. 27(1), pages 1-19, June.
    3. F. H. Hahn, 1966. "Equilibrium Dynamics with Heterogeneous Capital Goods," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 80(4), pages 633-646.
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