
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 mdimensional Euclidean space with (P sub t)>or=0, and the convex closed cone Gamma generated by (P sub t,p sub(t+1)) in 2mdimensional 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