Let Iν(x)\documentclass[12pt]{minimal}
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\begin{document}$$I_{\nu }(x)$$\end{document} and Kν(x)\documentclass[12pt]{minimal}
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\begin{document}$$K_{\nu }(x)$$\end{document} be the first and second kind modified Bessel functions. It is shown that the nullclines of the Riccati equation satisfied by xαΦi,ν(x)\documentclass[12pt]{minimal}
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\begin{document}$$x^{\alpha } \Phi _{i,\nu }(x)$$\end{document}, i=1,2\documentclass[12pt]{minimal}
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\begin{document}$$i=1,2$$\end{document}, with Φ1,ν=Iν-1(x)/Iν(x)\documentclass[12pt]{minimal}
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\begin{document}$$\Phi _{1,\nu }=I_{\nu -1}(x)/I_{\nu }(x)$$\end{document} and Φ2,ν(x)=-Kν-1(x)/Kν(x)\documentclass[12pt]{minimal}
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\begin{document}$$\Phi _{2,\nu }(x)=-K_{\nu -1}(x)/K_{\nu }(x)$$\end{document}, are bounds for xαΦi,ν(x)\documentclass[12pt]{minimal}
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\begin{document}$$x^{\alpha } \Phi _{i,\nu }(x)$$\end{document}, which are solutions with unique monotonicity properties; these bounds hold at least for ±α∉(0,1)\documentclass[12pt]{minimal}
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\begin{document}$$\pm \alpha \notin (0,1)$$\end{document} and ν≥1/2\documentclass[12pt]{minimal}
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\begin{document}$$\nu \ge 1/2$$\end{document}. Properties for the product Pν(x)=Iν(x)Kν(x)\documentclass[12pt]{minimal}
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\begin{document}$$P_{\nu }(x)=I_{\nu }(x)K_{\nu }(x)$$\end{document} can be obtained as a consequence; for instance, it is shown that Pν(x)\documentclass[12pt]{minimal}
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\begin{document}$$P_{\nu }(x)$$\end{document} is decreasing if ν≥-1\documentclass[12pt]{minimal}
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\begin{document}$$\nu \ge -1$$\end{document} (extending the known range of this result) and that xPν(x)\documentclass[12pt]{minimal}
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\begin{document}$$xP_{\nu }(x)$$\end{document} is increasing for ν≥1/2\documentclass[12pt]{minimal}
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\begin{document}$$\nu \ge 1/2$$\end{document}. We also show that the double ratios Wi,ν(x)=Φi,ν+1(x)/Φi,ν(x)\documentclass[12pt]{minimal}
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\begin{document}$$W_{i,\nu }(x)=\Phi _{i,\nu +1}(x)/\Phi _{i,\nu }(x)$$\end{document} are monotonic and that these monotonicity properties are exclusive of the first and second kind modified Bessel functions. Sharp trigonometric bounds can be extracted from the monotonicity of the double ratios. The trigonometric bounds for the ratios and the product are very accurate as x→0+\documentclass[12pt]{minimal}
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\begin{document}$$x\rightarrow 0^+$$\end{document}, x→+∞\documentclass[12pt]{minimal}
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\begin{document}$$x\rightarrow +\infty $$\end{document} and ν→+∞\documentclass[12pt]{minimal}
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\begin{document}$$\nu \rightarrow +\infty $$\end{document} in the sense that the first two terms in the power series expansions in these limits are exact.