Proposition A.4 (ii) — the optimal payment rate $z_{SB}$ lies in $[v_x,\frac p{r+p}v_x]$ for $v_x\le0$ and equals $\frac p{r+p}v_x$ for $v_x\ge0$

Initializing...

Proposition A.4 (ii) — the optimal payment rate $z_{SB}$ lies in $[v_x,\frac p{r+p}v_x]$ for $v_x\le0$ and equals $\frac p{r+p}v_x$ for $v_x\ge0$ · Prove2Me