Alexei V. Savvateev

  1. D(Maximum)=P(Argmaximum).

    Authors: Ivan D. Remizov, Alexei V. Savvateev
    Subjects: Functional Analysis
    Abstract

    In this note, we represent a subdifferential of a maximum functional defined
    on the space of all real-valued continuous functions on a given metric compact
    set. For a given argument, $f$ it coincides with the set of all probability
    measures on the set of points maximizing $f$ on the initial compact set. This
    complete characterization lies in the heart of several important identities in
    microeconomics, such as Roy's identity, Sheppard's lemma, as well as duality
    theory in production and linear programming.

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