Hostname: page-component-cd9895bd7-fscjk Total loading time: 0 Render date: 2024-12-23T02:15:58.419Z Has data issue: false hasContentIssue false

Minimax inequalities and generalisations of the Gale-Nikaido-Debreu Lemma

Published online by Cambridge University Press:  17 April 2009

Kok-Keong Tan
Affiliation:
Department of Mathematics, Statistics and Computing Science Dalhousie University Halifax, Nova ScotiaCanadaB3H 3J5
Jian Yu
Affiliation:
Instituet of Applied Mathematics Guizhou Institute of Technology Guiyang, GuizhouChina550003
Rights & Permissions [Opens in a new window]

Extract

Core share and HTML view are not available for this content. However, as you have access to this content, a full PDF is available via the ‘Save PDF’ action button.

Some minimax inequalities are first proved both in the compact case and in the non-compact case using the concept of escaping sequences introduced by Border. Applications are given to deduce a generalisation of the Gale-Nikaido-Debreu Lemma due to Mehta and Tarafdar and to obtain a new generalisation of the Gale-Nikaido-Debreu Lemma from which the corresponding generalisation due to Grandmont is derived.

Type
Research Article
Copyright
Copyright © Australian Mathematical Society 1994

References

[1]Aubin, J.P. and Cellina, A., Differential inclusion (Springer-Verlag, Berlin, Heidelberg, New York, 1984).CrossRefGoogle Scholar
[2]Border, K.C., Fixed point theorems with applications to economics and game theory (Cambridge University Press, Cambridge, 1985).CrossRefGoogle Scholar
[3]Conway, J.B., A course in functional analysis (Springer-Verlag, Berlin, Heidelberg, New York, 1990).Google Scholar
[4]Debreu, G., ‘Market equilibrium’, Proc. Nat. Acad. Sci. 42 (1956), 876878.Google Scholar
[5]Debreu, G., ‘Existence of competitive equilibrium,’, in Handbook of Mathematical Economics II, (Arrow, K.J. and Intriligator, M.D., Editors) (North-Holland, Amsterdam, 1982), pp. 697743.Google Scholar
[6]Gale, D., ‘The law of supply and demand’, Math. Scand. 3 (1955), 155169.CrossRefGoogle Scholar
[7]Granas, A. and Liu, F.-C., ‘Coincidences for set-valued maps and minimax inequalities’, J. Math. Pures Appl. 65 (1986), 119148.Google Scholar
[8]Grandmont, J.M., ‘Temporary general equilibrium theory’, Econometrica 45 (1977), 535572.Google Scholar
[9]Jameson, G., Ordered linear spaces (Springer-Verlag, Berlin, Heidelberg, New York, 1970).Google Scholar
[10]Mehta, G. and Tarafdar, E., ‘Infinite-dimensional Gale-Nikaido-Debreu theorem and a fixed point theorem of Tarafdar’, J. Econom. Theory 41 (1987), 333339.CrossRefGoogle Scholar
[11]Neuefeind, W., ‘Notes on existence of equilibrium proofs and boundary behavior of supply’, Econometrica 48 (1980), 18311837.CrossRefGoogle Scholar
[12]Nikaido, H., ‘On the classical multilateral exchange problem’, Microeconomica 8 (1956), 135145.CrossRefGoogle Scholar
[13]Sion, M., ‘On general minimax theorems’, Pacific J. Math. 8 (1958), 171176.CrossRefGoogle Scholar
[14]Yannelis, N.C., ‘On a market equilibrium theorem with an infinite number of commodities’, J. Math. Anal. Appl. 108 (1985), 595599.Google Scholar