Malinvaud's Lemma and the Theory of Interest.
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)
Document Details
- Document Type
- Technical Report
- Publication Date
- Jun 01, 1972
- Accession Number
- AD0746182
Entities
People
- David Gale
- Richard Rockwell
Organizations
- University of California, Berkeley