(i) The left side is strictly concave and increasing; the right hand side is strictly
increasing (since ε > 1), and either strictly concave (if ε < 2) or strictly convex (if ε > 2).
(ii) LHS → -∞ as po → 0+, and lim LHS = m*.
(iii) RHS (0) = 0.RHS→∞as pp00→∞.
(iv) Thus, this equation has either two solutions or no solutions.
(v) Can show there is a unique m, call it m such that LHS and RHS are tangent.
(iv) As m increases above fh, solution disappears; as m decreases below fh two solu-
tions emerge ■
37
More intriguing information
1. The Role of Trait Emotional Intelligence (El) in the Workplace.2. Secondary stress in Brazilian Portuguese: the interplay between production and perception studies
3. Fiscal federalism and Fiscal Autonomy: Lessons for the UK from other Industrialised Countries
4. Natural Resources: Curse or Blessing?
5. Credit Markets and the Propagation of Monetary Policy Shocks
6. Update to a program for saving a model fit as a dataset
7. Analyse des verbraucherorientierten Qualitätsurteils mittels assoziativer Verfahren am Beispiel von Schweinefleisch und Kartoffeln
8. The name is absent
9. An institutional analysis of sasi laut in Maluku, Indonesia
10. Changing spatial planning systems and the role of the regional government level; Comparing the Netherlands, Flanders and England