Mathematics for Economists
greg delong
(Greg DeLong)
2019-08-06 00:52:35 UTC
#1
InÖnite cake eating problem
Substituting back
αw
1 σ
1 σ
= (λw)
1 σ
1 σ
+ βα
1 σ((
1 λ)w)^1 σ
α = λ^1 σ+βα( 1 λ)^1 σ
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