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In a linear contracting environment the Fenchel transform provides a complete duality between the contract and the information rent. Through an appropriate generalised convexity this can be extended to provide a complete duality in the supermodular quasilinear contracting environment that covers...
Persistent link: https://www.econbiz.de/10010903382
In this paper, we investigate abstract convexity of non-positive increasing and radiant (IR) functions over a topological vector space. We characterize the essential results of abstract convexity such as support set, subdifferential and polarity of these functions. We also give some...
Persistent link: https://www.econbiz.de/10010845807
In this paper, we first obtain some properties of topical (increasing and plus-homogeneous) functions in the framework of abstract convexity. Next, we use the Toland–Singer formula to characterize the dual problem for the difference of two topical functions. Finally, we present necessary and...
Persistent link: https://www.econbiz.de/10010845848
An open question in the study of quasiconvex function is the characterization of the class of functions which are sum of quasiconvex functions. In this paper we restrict our attention to quasiconvex radiant functions, i.e. those whose level sets are radiant as well as convex and deal with the...
Persistent link: https://www.econbiz.de/10010847598
An open question in the study of quasiconvex function is the characterization of the class of functions which are sum of quasiconvex functions. In this paper we restrict our attention to quasiconvex radiant functions, i.e. those whose level sets are radiant as well as convex and deal with the...
Persistent link: https://www.econbiz.de/10010950030
We study increasing quasiconcave functions which are co-radiant. Such functions have frequently been employed in microeconomic analysis. The study is carried out in the contemporary framework of abstract convexity and abstract concavity. Various properties of these functions are derived. In...
Persistent link: https://www.econbiz.de/10010999761
In this paper, we examine properties of topical (increasing and plus-homogeneous) functions defined on a normed linear space <InlineEquation ID="IEq1"> <EquationSource Format="TEX">$${X}$$</EquationSource> </InlineEquation>. We also study many results of abstract convexity such as support set, polarity and subdifferential set of these functions. Finally, we give a characterization...</equationsource></inlineequation>
Persistent link: https://www.econbiz.de/10010994070
The aim of this paper is twofold. On the one hand to present by means of a unique statement an existence result which covers both ways (convexity and acyclicity) of analyzing the problem of existence of maximal elements of non transitive binary relations. And on the other hand, to introduce the...
Persistent link: https://www.econbiz.de/10005731340
In microeconomic analysis functions with diminishing returns to scale (DRS) have frequently been employed. Various properties of increasing quasiconcave aggregator functions with DRS are derived. Furthermore duality in the classical sense as well as of a new type is studied for such aggregator...
Persistent link: https://www.econbiz.de/10005823934
Persistent link: https://www.econbiz.de/10008486618