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

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  • M. Ali Khan

    (Johns Hopkins University)

  • Metin Uyanik

    (University of Queensland)

Abstract

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.

Suggested Citation

  • M. Ali Khan & Metin Uyanik, 2021. "The Yannelis–Prabhakar theorem on upper semi-continuous selections in paracompact spaces: extensions and applications," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(3), pages 799-840, April.
  • Handle: RePEc:spr:joecth:v:71:y:2021:i:3:d:10.1007_s00199-021-01359-4
    DOI: 10.1007/s00199-021-01359-4
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    More about this item

    Keywords

    YP selection theorem; Paracompactness; Local selection; Global selection; Berge’s maximum theorem; BMY map; GND lemma; AKR Approximate equilibrium;
    All these keywords.

    JEL classification:

    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
    • D62 - Microeconomics - - Welfare Economics - - - Externalities

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