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Interior Optima and the Inada Conditions

Author

Listed:
  • Aliprantis, C.D.
  • Camera, G.
  • Ruscitti, F.

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.

Suggested Citation

  • Aliprantis, C.D. & Camera, G. & Ruscitti, F., 2007. "Interior Optima and the Inada Conditions," Purdue University Economics Working Papers 1198, Purdue University, Department of Economics.
    • Handle: RePEc:pur:prukra:1198
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    References listed on IDEAS

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    1. Majumdar, Mukul & Zilcha, Itzhak, 1987. "Optimal growth in a stochastic environment: Some sensitivity and turnpike results," Journal of Economic Theory, Elsevier, vol. 43(1), pages 116-133, October.
    2. Charalambos D. Aliprantis & Kim C. Border, 2006. "Infinite Dimensional Analysis," Springer Books, Springer, edition 0, number 978-3-540-29587-7, January.
    3. Ken-ichi Inada, 1963. "On a Two-Sector Model of Economic Growth: Comments and a Generalization," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 30(2), pages 119-127.
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    2. Bar Light, 2018. "Precautionary Saving in a Markovian Earnings Environment," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 29, pages 138-147, July.

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    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis

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