Does there exist an exponential function not vanishing at $-\infty?$ I am searching for a non-constant function $f:\mathbb{R}\rightarrow \mathbb{R}$ with the following properties: 
1) $f(a+b)=f(a)f(b)$
2) $\lim\limits_{x\rightarrow -\infty} f(x) = 1$.
Is it possible to find such a function or is there a reason why such a function can not exist?
 A: $f(x)=1$ works but not at all satisfying. 
A: By induction, you get $f (-n )=f(-1)^{n} $. The limit condition now forces  $f (-1)=1$. But then, for any $x $,  $$f (-n+x)=f (-1)^nf (x)=f (x), $$ and now the limit condition gives $f (x)=1$.
A: The only function $f : \Bbb{R} \to \Bbb{R}$ satisfying both 1) and 2) is the constant function $f \equiv 1$.


*

*$f$ is positive. First, if $f(a) = 0$, then $f(x) = f(x-a)f(a) = 0$ for all $x$ and thus $f(x) \to 0$ as $x \to -\infty$, which contradicts 2). So $f$ never vanishes. Then $f(x) = f(x/2)^2 > 0$ and hence $f$ is always positive.

*Now let $g(x) = \log f(x)$. This functions satisfies the Cauchy functional equation
$$g(x+y) = g(x) + g(y).$$
Since $g(x) \to 0$ as $x \to -\infty$, the graph of $g$ cannot be dense in $\Bbb{R}^2$ and thus $g$ is linear: $g(x) = cx$ for some constant $c$.

*The only possibility for $f(x) = \mathrm{e}^{cx}$ to satisfy 2) is that $c = 0$. This corresponds to $f \equiv 1$.
(In fact, the above argument classifies all functions that satisfy 1): either $f \equiv 0$ or $\log f$ solves the Cauchy functional equation.)
A: Rough proof.
Assuming $f$ continuous. I invert the condition so that $f(x) \to 1$ as $x \to +\infty$. Also $f \neq 1$ anywhere.
Since the function has a limit of $1$, so does the sequence $a_k = f(2^kx), k \in \mathbb{N}, x > 0$.
Pick a term from this sequence $a_p$ such that $|a_p - 1| < 1$.
Since $a_{k+1} = {a_k}^2$, if $a_p = 1 + s > 1$, then $a_{p+k+1} > a_{p+k}$, so $|a_j - 1|$ is increasing. (not limiting). Similar for $a_p = 1-t < 1$. 
