Mathematics for Economists

(Greg DeLong) #1

Calculus of variations


The boundary conditions are

0 = ^1
6

+c 1 +c 2

 1 = ^8
3

+ 2 c 1 +c 2

that is
c 1 +c 2 =

1


6 ,^2 c^1 +c^2 =

2


6


(^)
1 1
2 1
(^)
(^) = 1 ,
(^)
1 /6 1
2 /6 1
(^)
(^) = 1 / 6 ,
(^)
1 1/^6
2 2/ 6
(^)
(^) = 0
hencec 1 = 1 / 6 ,c 2 = 0 .The kernel is convex in





x,x




so it is a minimum.
Free download pdf