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A Note on Transversality Conditions

Author

Listed:
  • Ngo Van Long

    (Department of Economics, McGill University, Canada)

  • Koji Shimomura

    (Research Institute for Economics & Business Administration (RIEB), Kobe University, Japan)

Abstract

We derive a new transversality condition (which we prove to be necessary) for a class of infinite horizon optimal control problems.

Suggested Citation

  • Ngo Van Long & Koji Shimomura, 2003. "A Note on Transversality Conditions," Discussion Paper Series 144, Research Institute for Economics & Business Administration, Kobe University.
    • Handle: RePEc:kob:dpaper:144
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    Download full text from publisher

    File URL: https://www.rieb.kobe-u.ac.jp/academic/ra/dp/English/dp144.pdf
    File Function: First version, 2003
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    Citations

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    Cited by:

    1. Cuong Van & Raouf Boucekkine & Cagri Saglam, 2007. "Optimal Control in Infinite Horizon Problems: A Sobolev Space Approach," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 32(3), pages 497-509, September.

    More about this item

    Keywords

    Transversality condition; Optimal control theory;

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis

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