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We present a theorem on the existence of a maximal element for a correspondence which is upper hemi-continuous in some variables and which satisfies with respect to the other ones one the following conditions : (i) lower semi-continuous if the space has a finite dimension, (ii) lower...
Persistent link: https://www.econbiz.de/10005797801
We introduce a generalized coercivity type condition for set-valued maps defined on topological spaces endowed with a generalized convex structure and we extend the Fan's matching theorem.
Persistent link: https://www.econbiz.de/10005510653
In this paper, we present a more simple and independent proof of Reny's theorem (1998), on the existence of a Nash equilibrium in discontinue game, with a better-reply secure game in a Hausdorff topological vector space stronger than Reny's one. We will get the equivalence if the payoff function...
Persistent link: https://www.econbiz.de/10005510659
We consider an extension of a general equilibrium model with incomplete markets that considers cash-in-advance constraints. The total amount of money is supplied by an authority, which produces at no cost and lends money to agents at short term nominal rates of interest, meeting the demand....
Persistent link: https://www.econbiz.de/10005220203
This paper studies the existence of solutions in continuous time optimization problems. It provides a theorem whose conditions can be easily checked in most models of the optimal growth theory including those with increasing return and multi-sector economies.
Persistent link: https://www.econbiz.de/10005696816