Accession Number : AD0746182

Title :   Malinvaud's Lemma and the Theory of Interest.

Descriptive Note : Research rept.,

Corporate Author : CALIFORNIA UNIV BERKELEY OPERATIONS RESEARCH CENTER

Personal Author(s) : Gale,David ; Rockwell,Richard

Report Date : JUN 1972

Pagination or Media Count : 26

Abstract : 'Lemma: Given a sequence p of vectors in the m-dimensional Euclidean space with (P sub t)>or=0, and the convex closed cone Gamma generated by (P sub t,-p sub(t+1)) in 2m-dimensional space there is some vector p>or=0 and some positive rho such that (p,-(rho)p) belongs to Gamma.' In the paper, the authors point out a minor inaccuracy in the above statement and present a proof of a corrected and slightly generalized version. (Author)

Descriptors :   (*ECONOMICS, THEORY), COSTS, MONEY, MATHEMATICAL MODELS, CONVEX SETS, DECISION THEORY, THEOREMS

Subject Categories : Economics and Cost Analysis
      Operations Research

Distribution Statement : APPROVED FOR PUBLIC RELEASE