Bauer's Maximum Principle for Quasiconvex Functions

2023/05/08 by Ball, Ian
#FOS: Economics and business #FOS: Mathematics #Functional Analysis (math.FA) #Theoretical Economics (econ.TH)

paper · doi:10.48550/arxiv.2305.04893

Abstract

This note shows that in Bauer's maximum principle, the assumed convexity of the objective function can be relaxed to quasiconvexity.

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