The transversality condition ensures intertemporal optimality in neoclassical growth models.

the verdict

SUPPORTED

the evidence backs this

Recorded sources

3 sources for · 0 against

Counts group repeated records of the same source within each side. They do not measure evidence strength or source independence.

The retrieved literature confirms that transversality conditions serve as key necessary or sufficient conditions to ensure intertemporal optimality in infinite-horizon neoclassical growth and optimal control models.

The analysis

Papers [0], [1], and [3] explicitly demonstrate or affirm that transversality conditions are fundamental necessary or sufficient conditions for optimality in infinite-horizon economic and growth models. Paper [2] utilizes a neoclassical growth framework for optimal lockdowns, and Paper [4] explores vintage capital growth convergence, providing broader context without contradicting the claim. Therefore, the claim is supported.

Evidence for · 3

Another view of the maximum principle for infinite-horizon optimal control problems in economics

Recorded source metadata

S. Aseev, V. Veliov. Another view of the maximum principle for infinite-horizon optimal control problems in economics. 2019. https://doi.org/10.1070/RM9915

The paper applies the maximum principle to Ramsey's optimal economic growth model, showing how transversality conditions characterize optimality at infinity.

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More for · 2

A Maximum Principle for Smooth Infinite Horizon Optimal Control Problems with State Constraints and with Terminal Constraints at Infinity

Recorded source metadata

A. Seierstad. A Maximum Principle for Smooth Infinite Horizon Optimal Control Problems with State Constraints and with Terminal Constraints at Infinity. 2015. https://doi.org/10.4236/OJOP.2015.43012

The paper establishes strong necessary conditions including transversality conditions at infinity for infinite-horizon optimal control problems.

Source citation format

A note on first-order and transversality conditions in infinite-horizon continuous-time optimal control models

Recorded source metadata

Stefano Bosi, David Desmarchelier, Ngoc-Sang Pham. A note on first-order and transversality conditions in infinite-horizon continuous-time optimal control models. 2026

The paper proves that under standard assumptions, optimal paths in infinite-horizon growth and consumption-saving models are fully characterized by first-order and transversality conditions.

Source citation format

The paper trail · every fact has a biography

first checked01 Aug 2026

judged → SUPPORTED · 8401 Aug 2026

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