Fixed endpoint optimal control

Frank Caliendo*, Saket Pande

*Corresponding author for this work

Research output: Contribution to journalArticleScientificpeer-review

3 Citations (Scopus)


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.

Original languageEnglish
Pages (from-to)1007-1012
Number of pages6
JournalEconomic Theory
Issue number4
Publication statusPublished - 2005
Externally publishedYes


  • Fixed endpoint
  • Necessary conditions
  • Optimal control


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