Let z Icirc n 1 n be a continuous function satisfying pz(p) 0 for every p Icirc n 1 and Show that G(p ) p z (p ) curren 0 pi max (0,zi(p gi(p)...

To simplify the notation let p max 0 z p Assume p is a fixed point of Then for ever ...

Let z: În-1 n be a continuous function satisfying pz(p) = 0 for every p În-1 and

Question:

Let z: Î”n-1 †’ „œn be a continuous function satisfying pz(p) = 0 for every p ˆŠ Î”n-1 and

Show that
G(p*) = p* ‡’ z (p*) ‰¤ 0

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Foundations of Mathematical Economics

ISBN: 978-0262531924

1st edition

Authors: Michael Carter

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Question Posted: May 02, 2016 11:36 AM

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Let z: În-1 n be a continuous function satisfying pz(p) = 0 for every p În-1 and

Question:

pi + max (0,zi(p gi(p)

Step by Step Answer:

To simplify the notation let p max 0 z p Assume p is a fixed point of Then for ever...View the full answer

Foundations of Mathematical Economics

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