Mathematics for Economists

(Greg DeLong) #1

Calculus of variations


Henceψis convex. on the real line. AsxsatisÖes the Euler-Lagrange

equationψ^0 ( (^0) )=0 and asψis convexψhas a minimum atλ= 0 ,so
Ψ(x)=ψ( 0 )ψ( 1 )=Ψ(y)
for everyy,which proves the theorem.

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