Fixed endpoint optimal control

B-Tier
Journal: Economic Theory
Year: 2005
Volume: 26
Issue: 4
Pages: 1007-1012

Authors (2)

Frank Caliendo (Utah State University) Saket Pande (not in RePEc)

Score contribution per author:

1.009 = (α=2.02 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This note offers a new proof of the necessary conditions for fixed endpoint optimal control. Our approach simplifies the conventional derivation of the necessary conditions by using a transversality condition to ensure feasibility of modifications to the optimal path. We further prove that this transversality condition holds automatically at the optimum and can therefore be ignored in the statement of the necessary conditions. Copyright Springer-Verlag Berlin/Heidelberg 2005

Technical Details

RePEc Handle
repec:spr:joecth:v:26:y:2005:i:4:p:1007-1012
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25