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monotonicity become common, when curvature alone is imposed. Hence the now common practice of equating regularity with curvature is …
Persistent link: https://www.econbiz.de/10010900180
. But regularity requires satisfaction of both curvature and monotonicity conditions. Without both satisfied, the second … curvature may induce violations of monotonicity that otherwise would not have occurred. We explore the regularity properties of …
Persistent link: https://www.econbiz.de/10010568025