A Note on Transversality Conditions

Ngo Van Long and Koji Shimomura
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Koji Shimomura: Research Institute for Economics and Business Administration, Kobe University

No 144, Discussion Paper Series from Research Institute for Economics & Business Administration, Kobe University

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

Keywords: Transversality condition; optimal control theory (search for similar items in EconPapers)
JEL-codes: C61 (search for similar items in EconPapers)
Date: 2003-11
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Persistent link: http://EconPapers.repec.org/RePEc:kob:dpaper:144

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