Some Clarifications on the Transversality Condition

DOI10.2307/2938197zbMath0731.90022OpenAlexW2084145162MaRDI QIDQ3358494

Philippe Michel

Publication date: 1990

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2938197

zbMATH Keywords

dualityoptimal growthnecessary and sufficient conditions for optimalitytransversality conditionsconcave discrete time infinite horizon optimal controlsupport prices in infinite horizon optimal problems

Mathematics Subject Classification ID

Application models in control theory (93C95) Discrete-time control/observation systems (93C55) Economic growth models (91B62) Optimality conditions (49K99)

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