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.D.*, 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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