Question: Consider the following optimization problem and the associated value function: V(a) = max{f (x, a), s.t. g(x, a) 2 0} Suppose f is concave in

Consider the following optimization problem and the associated value function: V(a)

Consider the following optimization problem and the associated value function: V(a) = max{f (x, a), s.t. g(x, a) 2 0} Suppose f is concave in (x, a) and g', j = 1, . . . , m are quisiconvex in (x, a). Show that V is concave in a

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