I can't see what the problem is, your URL is restricted...
Hello everybody!
I'm an economics student stuck on this dynamic optimization problem, where the second part of the problem includes "mathematical induction". I think I have understood the notion of it (the two cases that I need to test), but I have no idea how to apply it here. Anyways, any help/pointers are very welcome!
//Eric
The problem: https://studentweb2.hhs.se/courseWeb.../PS6(2012).pdf
I think I have found the correct general function (see the attached PDF), but the induction part is beyond me!