منابع مشابه
Bishop-Phelps type Theorem for Normed Cones
In this paper the notion of support points of convex sets in normed cones is introduced and it is shown that in a continuous normed cone, under the appropriate conditions, the set of support points of a bounded Scott-closed convex set is nonempty. We also present a Bishop-Phelps type Theorem for normed cones.
متن کاملThe Nonlinear Separation Theorem and a Representation Theorem for Bishop-Phelps Cones
The paper presents a theorem for representation a given cone as a Bishop–Phelps cone in normed spaces and studies interior and separation properties for Bishop–Phelps cones. The representation theorem is formulated in the form of a necessary and sufficient condition and provides relationship between the parameters determining the BishopPhelps cone. The necessity is given in reflexive Banach spa...
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We examine whether the Phelps–Koopmans theorem is valid in models with nonconvex production technologies. We argue that a nonstationary path that converges to a capital stock above the smallest golden rule may indeed be efficient. This finding has the important implication that “capital overaccumulation” need not always imply inefficiency. Under mild regularity and smoothness assumptions, we pr...
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We define the differential operator ∂ ∂z on infinitely differentiable functions (also called smooth or C∞ functions) on some open set in C by ∂ ∂z = 1 2 ( ∂ ∂x + i ∂ ∂y ). A quick calculation shows that ∂ ∂z obeys the product rule. Recall that a function f is holomorphic if and only if ∂ ∂z (f) = 0. A function is biholomorphic, or an analytic isomorphism, if it is holomorphic and has holomorphi...
متن کاملThe Phelps–Koopmans theorem and potential optimality
The Phelps–Koopmans theorem states that if every limit point of a path of capital stocks exceeds the “golden rule,” then that path is inefficient: there is another feasible path from the same initial stock that provides at least as much consumption at every date and strictly more consumption at some date. I show that in a model with nonconvex technologies and preferences, the theorem is false i...
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ژورنال
عنوان ژورنال: Operators and Matrices
سال: 2012
ISSN: 1846-3886
DOI: 10.7153/oam-06-16