Questions tagged [real-analysis]
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5
questions with no upvoted or accepted answers
5
votes
0answers
116 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 ...
3
votes
0answers
16 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 ...
1
vote
0answers
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 ...
0
votes
0answers
46 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
2answers
32 views
Real wages fluctuation as per classical economics
I have just started studying Macroeconomics and have noticed that as per the Classical economics, the real wage level will always remain same because any change in price level in the market is ...
