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Laura, Pilossoph ; Daniel, Lewis ; Davide, Melcangi ; Laura, Pilossoph. (2019) Latent Heterogeneity in the Marginal Propensity to Consume.
In: Staff Reports. RePEc:fip:fednsr:902.
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A simple modification of Lemma 2 of Yang and Yu (1992) completes the proof: Lemma 2. (Yang and Yu (1992)) Let θ∗ be a minimizer of Lm (Π, θ) among all θ ∈ Θ. Then the pair (reg (θ∗) , θ∗) is a minimizer of J reg m (Π, , θ) among all θ and weights .
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