The name is absent



Proposition 3.- Under A.3 we have that

a) U(I) ≥ U (2) and
1                 i

b) if x (2) > O then the above inequality is strict.

Proof : Suppose it is not. Defining V ( ) as before we have that
------------------ i

V (x (2)i x (2)) ≥ V (x (I)i O) ≥ V (x (2)i O)
112   11    11

And since Vf ) is decreasing on x . we get a contradiction .■

FIGURE 1

19



More intriguing information

1. The name is absent
2. Restricted Export Flexibility and Risk Management with Options and Futures
3. The name is absent
4. DURABLE CONSUMPTION AS A STATUS GOOD: A STUDY OF NEOCLASSICAL CASES
5. The Effects of Attendance on Academic Performance: Panel Data Evidence for Introductory Microeconomics
6. Automatic Dream Sentiment Analysis
7. The name is absent
8. Deletion of a mycobacterial gene encoding a reductase leads to an altered cell wall containing β-oxo-mycolic acid analogues, and the accumulation of long-chain ketones related to mycolic acids
9. Special and Differential Treatment in the WTO Agricultural Negotiations
10. Evolutionary Clustering in Indonesian Ethnic Textile Motifs