An expositional note on the transversality condition in continuous time dynamic economic models

Authors

  • Marcelo Bianconi Tufts University

DOI:

https://doi.org/10.24201/ee.v6i2.308

Keywords:

neoclassical growth model

Abstract

This is an expositional note on the transversality condition in continuous time dynamic economic models. We illustrate the basic issues, using the neoclassical one-sector optimal growth asset pricing model. In this class of models, the transversality condition is the natural link tying the present to the distant future.

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Published

1991-07-01

How to Cite

Bianconi, M. (1991). An expositional note on the transversality condition in continuous time dynamic economic models. Estudios Económicos De El Colegio De México, 6(2), 287–297. https://doi.org/10.24201/ee.v6i2.308

Issue

12-vol. 6, no. 2, july-december, 1991

Section

Articles