Fractional order Taylor's series and the neo-classical inequality

Mathematics – Classical Analysis and ODEs

Scientific paper

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11 pages, 1 figure

Scientific paper

10.1112/blms/bdq013

We prove the neo-classical inequality with the optimal constant, which was
conjectured by T. J. Lyons [Rev. Mat. Iberoamericana 14 (1998) 215-310]. For
the proof, we introduce the fractional order Taylor's series with residual
terms. Their application to a particular function provides an identity that
deduces the optimal neo-classical inequality.

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