A simple proof of Ekeland and Scheinkman's result on the necessity of a transversality condition

Takashi Kamihigashi

Economic Theory, 2000, vol. 15, issue 2, 463-468

Abstract: Ekeland and Scheinkman (1986) prove the necessity of a standard transversality condition under certain technical conditions. Their result is one of the most powerful on the necessity of a transversality condition currently available in the literature, and their proof involves numerous estimations and relies on Ekeland's variational principle and Fatou's lemma. This note relaxes some of their assumptions and provides a simple proof that uses neither Ekeland's principle nor a convergence result like Fatou's lemma.

Keywords: Transversality condition; Dynamic optimization. (search for similar items in EconPapers)
JEL-codes: C61 D90 (search for similar items in EconPapers)
Date: 2000-02-21
Note: Received: April 24, 1998; revised version: September 8, 1998
References: Add references at CitEc
Citations: View citations in EconPapers (16)

Downloads: (external link)
http://link.springer.de/link/service/journals/00199/papers/0015002/00150463.pdf (application/pdf)
Access to the full text of the articles in this series is restricted

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:joecth:v:15:y:2000:i:2:p:463-468

Ordering information: This journal article can be ordered from
http://www.springer. ... eory/journal/199/PS2

Access Statistics for this article

Economic Theory is currently edited by Nichoals Yanneils

More articles in Economic Theory from Springer, Society for the Advancement of Economic Theory (SAET) Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().