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An Elementary Proof of the Knaster-Kuratowski-Mazurkiewicz-Shapley Theorem

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  • Krasa, Stefan
  • Yannelis, Nicholas C

Abstract

This note provides an elementary short proof of the Knaster-Kuratowski-Mazurkiewicz-Shapley (K-K-M-S) Theorem based on Brouwer's fixed point theorem. The usefulness of the K-K-M-S Theorem lies in the fact that it can be applied to prove directly Scarf's (1967) Theorem, i.e., any balanced game has a non-empty core. We also show that the K-K-M-S Theorem and the Gale-Nikaido-Debreu Theorem can be proved by the same arguments.

Suggested Citation

  • Krasa, Stefan & Yannelis, Nicholas C, 1994. "An Elementary Proof of the Knaster-Kuratowski-Mazurkiewicz-Shapley Theorem," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 4(3), pages 467-471, May.
  • Handle: RePEc:spr:joecth:v:4:y:1994:i:3:p:467-71
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    Cited by:

    1. Alan Beggs, 2021. "Afriat and arbitrage," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 9(2), pages 167-176, October.
    2. Liu, Jiuqiang & Tian, Hai-Yan, 2014. "Existence of fuzzy cores and generalizations of the K–K–M–S theorem," Journal of Mathematical Economics, Elsevier, vol. 52(C), pages 148-152.
    3. P. J. J. Herings & A. J. J. Talman, 1998. "Intersection Theorems with a Continuum of Intersection Points," Journal of Optimization Theory and Applications, Springer, vol. 96(2), pages 311-335, February.
    4. Antunes, António & Cavalcanti, Tiago & Villamil, Anne, 2008. "Computing general equilibrium models with occupational choice and financial frictions," Journal of Mathematical Economics, Elsevier, vol. 44(7-8), pages 553-568, July.
    5. Jean Guillaume Forand & Metin Uyanık, 2019. "Fixed-point approaches to the proof of the Bondareva–Shapley Theorem," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 7(1), pages 117-124, May.

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