The Yannelis–Prabhakar theorem on upper semi-continuous selections in paracompact spaces: extensions and applications

We root this tribute to Nicholas Yannelis in Chapter II of his 1983 Rochester Ph.D. dissertation, and in his 1983 paper with Prabhakar: this work strengthens the lower semicontinuity assumption of Michael’s continuous selection theorem to open lower sections, and leads to correspondences defined on...

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Veröffentlicht in:Economic theory 2021-04, Vol.71 (3), p.799-840
Hauptverfasser: Khan, M. Ali, Uyanik, Metin
Format: Artikel
Sprache:eng
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Zusammenfassung:We root this tribute to Nicholas Yannelis in Chapter II of his 1983 Rochester Ph.D. dissertation, and in his 1983 paper with Prabhakar: this work strengthens the lower semicontinuity assumption of Michael’s continuous selection theorem to open lower sections, and leads to correspondences defined on a paracompact space with values on a Hausdorff linear topological space. We move beyond the literature to provide a necessary and sufficient condition for upper semi-continuous local and global selections of correspondences, and apply our result to four domains of Yannelis’ contributions: Berge’s maximum theorem, the Gale–Nikaido–Debreu lemma, the Sonnenschein–Shafer non-transitive setting, and the Anderson–Khan–Rashid approximate existence theorem. The last also resonates with Chapter VI of Yannelis’ dissertation, and allows a more general framing of the pioneering application of the paracompactness condition to his current and ongoing work in mathematical economics.
ISSN:0938-2259
1432-0479
DOI:10.1007/s00199-021-01359-4