Document Type

Article

Publication Date

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.

Comments

NOTICE: this is the author’s version of a work that was accepted for publication in Economics Letters. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Economics Letters, volume 99, issue 2 (2008). DOI: 10.1016/j.econlet.2007.07.008

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Peer Reviewed

1

Copyright

Elsevier

Creative Commons License

Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

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Economics Commons

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