Well, despite considerable effort, I have not found an algebraic proof. I do not assert that an algebraic proof is impossible; indeed I am relatively...
It should be intuitively obvious that, if y is greater than 1, y is positive and so therefore must x be. Moreover, it should be equally obvious that,...
I do not know whether the OP stll has any interest in this thread. I have been traveling and have not had time to look for a proof. I suspect the OP...
Glad to have helped. As you will see by rereading my first post, I gave you an example with four independent variables in the model, but only two in...
Well there is nothing wrong with your set of assumptions in terms of theoretical economics. Theoretical economics permits you to make any assumptions...