A Comparison Theorem for Stochastic Differential Equations and Its Applications in Economics
نویسندگان
چکیده
We study in this paper a class of preference relations on two distinct vector spaces representing two production choice spaces by introducing a comparison theorem for stochastic differential equations driven by a semimartingale. Some sufficient conditions on production choices which are budget-constrained by commodity prices are proposed. Key–Words:stochastic differential equations, comparison theorem, preference relations, semimartingale
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