A note on first-order and transversality conditions in infinite-horizon continuous-time optimal control models
Optimization and Control
2026-03-30 v1
Abstract
We provide simple necessary and sufficient conditions under which a path constitutes a solution to an infinite-horizon, continuous-time optimal control problem. We prove transversality conditions under standard assumptions. We also present some applications to economic models.
Cite
@article{arxiv.2603.26256,
title = {A note on first-order and transversality conditions in infinite-horizon continuous-time optimal control models},
author = {Stefano Bosi and David Desmarchelier and Ngoc-Sang Pham},
journal= {arXiv preprint arXiv:2603.26256},
year = {2026}
}