Questions tagged [real-analysis]
The real-analysis tag has no usage guidance.
13
questions
2
votes
1
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35
views
Differentiability of value of convex optimization problem
Setup:
Consider the problem
$$
V(y) \quad = \quad \min_{x \in \mathbb R^N} f(x) \quad \text{s.t.} \quad g(x+y) \leq 0
$$
where $f$ and $g$ are convex functions and $y \in \mathbb R^N$ is a parameter ...
- 121
5
votes
1
answer
99
views
Prove that for every Nash equilibrium $\sigma^*$, the probability distribution $p_{\sigma^*}$ is a correlated equilibrium
This is a classic theorem in game theory, that is left as an excersice in my textbook. Can anybody proove it? I can not thing of anything excpet from the definition of the correlated equilibrium in ...
- 929
0
votes
1
answer
30
views
What is the meaning of the support set in game theory?
What is the meaning of the support set in game theory? I have seen it, in many papers, however none there explains how did they find it or why did the define it in a specific way. I understand that ...
- 448
0
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0
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12
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Does using different Analysis Methods give the same better alternative to choose between economic projects?
Will all analysis methods (PW-FW-AW-ROR-B/C) that we can use for determining project acceptability on an economic basis gives you the correct same-alternative for the same cash-flow always?
0
votes
1
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62
views
Indifference Curve Analysis [closed]
I would like to analyse how COVID-19 has impacted the aviation industry by looking at how the demand for airlines + holidays has fallen via an indifference curve analysis. However, I'm not sure where ...
3
votes
0
answers
23
views
Proof of Criteria for Local Identification in Rothenberg (1971)
My question is regarding Theorem 1 (page 579) of Rothenberg (1971). It is associated with four assumptions given on the same page. But, I only have a question about a single step of the proof, so I ...
- 31
1
vote
1
answer
204
views
Budget Set- closed and boundedness
I am fairly new to economics, and we were introduced to budget sets,
The professor mentioned that the budget set $B(p,w) = \{x \in R^{l}_{+}: px \leq w\}$ is non empty and closed - I could prove the ...
- 33
5
votes
0
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174
views
Topological intuition to continuous preference relation
For a Microeconomics Course, we are going through MWG, and in the lecture we discussed the notion of a continuous preference relation.
A preference relation $\succsim$ on a set $X$ is called ...
- 51
3
votes
1
answer
354
views
Concavity of Cobb-Douglass Utility Function on Non-Open set
My textbook argues that the Cobb-Douglass utility function $u=(x1)^a(x2)^b$ with $a,b>0$ and $a+b<1$ is concave on $R2+$ by computing the Hessian and showing it to be negative semidefinite for ...
- 51
0
votes
0
answers
88
views
Relationship between strictly convex preference and convex preference
Let X be a convex subset of linear topological space and let binary relation >=
be a complete preordering.
prove: If preference relation is strictly convex and continuous, then it is convex.
Since ...
0
votes
1
answer
170
views
Calculating elasticity between terms in a regression equation
Given the following regression: $ln(w_i)=\beta_1+\beta_2age+\beta_3age_i^2+\beta_4Y_i+\beta_5T_i+\beta_6Mar_i+\epsilon_i$ I am asked to calculate the elasticity of wages with respect to age. Is the ...
- 11
1
vote
0
answers
23
views
What problems arise when the minimum wage is directly linked to the inflation rate?
For example if the minimum wage is 10, and the inflation for the year is 3%, then next year the minimum wage is 10*1.03 =10.30. the next year, inflation is 5%, so the minimum wage becomes 10.82.
The ...
- 111
1
vote
1
answer
155
views
Supporting Hyperplane Theorem and quasiconcave utility function
My notes says that if $u(.)$ is strictly quasiconcave and differentiable, by the supporting hyperplane theorem, there exists $p >>0$ and $w \geq 0$ such that $ x = x(p,w)$ $\forall x$. I am ...
- 181