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A generalized theorem of the maximum

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Summary

This paper generalizes the Theorem of the Maximum (Berge [2]) to allow for discontinuous changes in the domain and the objective function. It also provides a geometrical version of the (generalized) theorem.

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References

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Authors and Affiliations

  1. Department of Managerial Economics and Decision Sciences, J. L. Kellogg Graduate School of Management, Northwestern University, 2001 Sheridan Road, 60208, Evanston, Illinois, USA

    Lawrence M. Ausubel & Raymond J. Deneckere

Authors
  1. Lawrence M. Ausubel
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  2. Raymond J. Deneckere
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Additional information

This research was supported in part by National Science Foundation Grant SES-86-19012. Financial assistance was also provided, for Lawrence Ausubel, by the Lynde and Harry Bradley Foundation, and for Raymond Deneckere, by the Kellogg School of Management's Beatrice/Esmark Research Chair. We thank Alejandro Manelli and Israel Zang for many helpful conversations.

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Ausubel, L.M., Deneckere, R.J. A generalized theorem of the maximum. Econ Theory 3, 99–107 (1993). https://doi.org/10.1007/BF01213694

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  • DOI: https://doi.org/10.1007/BF01213694

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