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Operations Research Letters
Article . 2008 . Peer-reviewed
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A Fixed Point Theorem for Discontinuous Functions

A fixed point theorem for discontinuous functions
Authors: P. Jean-Jacques Herings; Gerard van der Laan; Dolf Talman; Zaifu Yang;

A Fixed Point Theorem for Discontinuous Functions

Abstract

Let \(P\) be an non-empty polytope in the \(n\)-dimensional Euclidean space \(\mathbb{R}^n\) and \(f:P\to P\) be a function. A function \(f\) is locally gross direction preserving if for each \(x\in P\) for which \(f(x)\neq x\), there exists \(\delta>0\) such that for every \(y,z\in B(x,\delta)\cap P\), the function \(f\) satisfies \((f(y)-y)^T(f(z)-z)\geq 0\). This condition allows for various kinds od discontinuities and irregularities of the function \(f\). The main result of the present paper is the following theorem: Let \(P\) be an non-empty polytope in \(\mathbb{R}^n\) and the function \(f:P\to P\) satisfy the locally gross direction preserving property. Then \(f\) has a fixed point. Some applications of the result in the area of non-cooperative game theory are given.

Country
Netherlands
Keywords

Numerical optimization and variational techniques, Gleichgewicht, discontinuity, equilibrium, Noncooperative games, SDG 17 - Partnerships for the Goals, Fixed-point theorems, Cooperative games, Mathematische Ökonomie, ddc:330, simplicial subdivision, discontinuous games, Fixed point, mathematical economics and econometrics ;, Fixed point;simplicial subdivision;discontinuity;equilibrium, Fixed point; simplicial subdivision; discontinuity; equilibrium, C62, C63, fixed point, Theorie, jel: jel:C63, jel: jel:C62

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
9
Average
Top 10%
Average
hybrid