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.
Aliprantis, C., Camera, G., Ruscitti, F. (2008). Interior optima and the Inada conditions. ECONOMICS LETTERS, 99(2), 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:
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