Maximum principle and transversality condition for concave infinite horizon economic models
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Publication:1056666
DOI10.1016/0022-0531(83)90090-XzbMath0523.90036OpenAlexW2003159664MaRDI QIDQ1056666
Aloisio Pessoa de Araujo, José Alexandre Scheinkman
Publication date: 1983
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/0022-0531(83)90090-x
maximum principlenecessary optimality conditionsdiscontinuitiesconcave infinite horizon economic modelsgeneralized Euler equationinfinite horizon concave maximizationtransversality condition at infinity
Applications of mathematical programming (90C90) Economic growth models (91B62) Optimality conditions (49K99)
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