We present a new proof of the interiority of the policy function based on the Inada conditions. It is based on supporting properties of concave functions.
Interior optima and the Inada conditions / Aliprantis, C.D.*; Camera, G.; Ruscitti, F.. - In: ECONOMICS LETTERS. - ISSN 0165-1765. - STAMPA. - 99:2(2008), pp. 293-297. [10.1016/j.econlet.2007.07.008]
Interior optima and the Inada conditions
Camera, G.;
2008
Abstract
We present a new proof of the interiority of the policy function based on the Inada conditions. It is based on supporting properties of concave functions.File in questo prodotto:
Eventuali allegati, non sono esposti
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
