Characterization of spannability of functions

Date

1997

Authors

Hüsseinov, F.

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Source Title

Journal of Mathematical Economics

Print ISSN

0304-4068

Electronic ISSN

1873-1538

Publisher

Elsevier BV

Volume

28

Issue

1

Pages

29 - 40

Language

English

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Abstract

Possibility of representation of a value of convexification of function at the given point as a convex combination of the values of function (spannability) is studied. Spannability of functions turned out to be important in different fields e.g. in the study of quasi-cores of monetary economies with nonconvex preferences (mathematical economics), in the theory of relaxation of variation problems (variational calculus). Apparently, Shapley and Shubik (Econometrica, 1966, 34, 805-827) were first to discuss it.

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Published Version (Please cite this version)