# Tag Info

Accepted

• 1,829

### Good book/article that goes into depth about transversality conditions?

A textbook on dynamic optimization which treats transversality conditions at some length is Chiang Elements of Dynamic Optimization. See especially sections 7.2 - 7.4 and 9.1.
• 7,694

### Preference for consumption smoothing and actual smoothing

The argument relayed in the question as regards consumption smoothing is flawed. Consumption smoothing does not mean consumption equality over periods, but rather, tendency to avoid corner solutions, ...
• 32.7k
Accepted

### Paper where an integral in the constraint of an optimization problem is treated as infinite sum

Some papers that come to my mind are ; -Calvo and Obstfeld (1988, Econometrica) -Endres et al (2014, Resource and Energy Economics) -Traeger et al. (2012, European Economic Review) In these papers,...
• 2,105