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

Economic Theory

Volumn 15, Issue 2, 2000, Pages 463-468

  Kamihigashi, Takashi ^a  

^a STONY BROOK UNIVERSITY   (United States)

Author keywords

Dynamic optimization; Transversality condition

Indexed keywords

EID: 0034350195     PISSN: 09382259     EISSN: None     Source Type: Journal    
DOI: 10.1007/s001990050021     Document Type: Article

References (3)

1. Ekeland, I., Scheinkman, J.A.: Transversality conditions for some infinite horizon discrete time optimization problems. Mathematics of Operations Research 11, 216-229 (1986)
2. Kamihigashi, T.: Uniqueness of asset prices in an exchange economy with unbounded utility. Economic Theory 12, 103-122 (1998a)
3. Kamihigashi, T.: Necessity of transversality conditions. SUNY, Stony Brook (1998b)