Verify that x* = limk xk as defined in the preceding proof is a fixed point of

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Verify that x* = limkʹ→∞ xkʹ as defined in the preceding proof is a fixed point of the correspondence, that is x* ∊

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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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Verify that x* = limk xk as defined in the preceding proof is a fixed point of

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For each x let denote the sub simplex of which contains x and let x 0 x 1 x denote the vertices of L...View the full answer

Foundations of Mathematical Economics

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