On Smithson's fixed point theorem for order preserving multifunctions

Fuente: arXiv
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Main Authors: Kono, Haruki, Voorneveld, Mark
Format: Preprint
Published: 2023
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author Kono, Haruki
Voorneveld, Mark
author_facet Kono, Haruki
Voorneveld, Mark
contents Fixed point theorems are ubiquitous in economic research. Many studies cite Smithson (1971) ``Fixed points of order preserving multifunctions,'' yet the original proof contains errors. This note presents a new, concise proof and explains why Smithson's argument is invalid. It also contains new results on the structure of the set of fixed points and monotone comparative statics.
format Preprint
id arxiv_https___arxiv_org_abs_2303_15483
institution arXiv
publishDate 2023
record_format arxiv
spellingShingle On Smithson's fixed point theorem for order preserving multifunctions
Kono, Haruki
Voorneveld, Mark
Combinatorics
Theoretical Economics
Fixed point theorems are ubiquitous in economic research. Many studies cite Smithson (1971) ``Fixed points of order preserving multifunctions,'' yet the original proof contains errors. This note presents a new, concise proof and explains why Smithson's argument is invalid. It also contains new results on the structure of the set of fixed points and monotone comparative statics.
title On Smithson's fixed point theorem for order preserving multifunctions
topic Combinatorics
Theoretical Economics
url https://arxiv.org/abs/2303.15483