By Shigeo Kusuoka, Toru Maruyama
Loads of monetary difficulties could be formulated as limited optimizations and equilibration in their ideas. a variety of mathematical theories were offering economists with crucial machineries for those difficulties coming up in fiscal conception. Conversely, mathematicians were influenced through a number of mathematical problems raised through monetary theories. The sequence is designed to assemble these mathematicians who're heavily drawn to getting new hard stimuli from monetary theories with these economists who're looking powerful mathematical instruments for his or her learn
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Additional resources for Advances in mathematical economics. Vol.17
All this is routine transposition of the geometry for the undiscounted case developed in  to the discounted case, and draws on the important fact that the modified golden-rule stock G is independent of the discount factor ρ. What is new to  is the emphasis on two squares (OV V V and M1 M2 M3 M4 in Figs. 1, 7 and 8), and on the line GV interpreted as dual to the line MV . It is the intersection of GV with OD that yields the point C, the capital stock x˜ generating a 2-period cycle. In this context, it ought to be borne in mind that this intersection is the unique 2-period cycle, an observation stemming from the fact that a 2-period cycle is necessarily (and sufficiently) given by a square with a vertex on the OD line, and with a side given by the length of this point to the 45◦ -line; see Fig.
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Annali di Matematica 126(1):81–91 (1980) 48. : Conditional expectation and ergodic theorem for a positive integrand. J. Nonlinear Convex Anal. 1, 233–244 (2002) Adv. Math. Econ. 17, 39–70 (2013) Discounted optimal growth in a two-sector RSS model: a further geometric investigation* M. edu) Received: March 11, 2012 Revised: October 31, 2012 JEL classification: D90, C62, O21 Mathematics Subject Classification (2010): 91B62, 39A11, 52A41, 49K24, 37E05 Abstract. The geometric apparatus of Khan–Mitra (Adv.