Necessity of the transversality condition for stochastic models with bounded or CRRA utility
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Publication:956434
DOI10.1016/J.JEDC.2004.07.007zbMATH Open1198.91155OpenAlexW2569319662MaRDI QIDQ956434FDOQ956434
Authors: Takashi Kamihigashi 
Publication date: 25 November 2008
Published in: Journal of Economic Dynamics and Control (Search for Journal in Brave)
Full work available at URL: https://www.rieb.kobe-u.ac.jp/academic/ra/dp/English/dp152.pdf
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- The general instability of balanced paths in endogenous growth models: The role of transversality conditions
- A simple proof of Ekeland and Scheinkman's result on the necessity of a transversality condition
Cited In (11)
- Optimality of Ramsey-Euler policy in the stochastic growth model
- Necessity of transversality conditions for stochastic problems.
- A simple optimality-based no-bubble theorem for deterministic sequential economies with strictly monotone preferences
- Stationary bubble equilibria in rational expectation models
- A concept of stochastic transitivity for the random utility model
- Two characterizations of optimality in dynamic programming
- Endogenous growth model with Bayesian learning and technology selection
- Necessity of the terminal condition in the infinite horizon dynamic optimization problems with unbounded payoff
- Propensity to consume and the optimality of Ramsey-Euler policies
- A generalization of Fatou's lemma for extended real-valued functions on \(\sigma\)-finite measure spaces: with an application to infinite-horizon optimization in discrete time
- Necessity of a transversality condition in a firm's intertemporal optimization
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