... growth (CO22 > 1)implyEt{(Pt+T + dt+r-Pt+T-1) -^ z+rl > 0 as T - c«.Unbiased accounting or no growth implyT + 4+T-?/+r-1) -^ f+r] -& gt; 0 as T -^ =0.As the appendix shows, the proof ... is implied by,Wt+r - bVf.^.^ -& gt; 0 and £,[(P,H-T + ^r+r) " ^^f+J -& gt; 0;(b) Ef[Xf+^ -& gt; (Rp - \)bVf + Kf,Kf& (0,oo), implies, and is impliedby,^t^t+x - *^f+T] > 0 and ... Conservative accounting (©12 > 0) anrf growth (©22 > 1)imply^rlCPf+T + ^f+r) - ^^f+J > 0 as T -& gt; oo.Unbiased accounting or no growth imply^*^t^^t+x •*" ^t-¥xi ~ 0^/+rI - ^...