Monotone evolution of resource allocations |
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Authors: | Jean-Pierre Aubin |
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Affiliation: | CEREMADE, Université Paris IX Dauphine, Paris, France |
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Abstract: | We prove several existence theorems for solutions of multivalued differential equations whose trajectories (a) remain in a subset defined by scarcity constraints, and (b) are monotone with respect to a preordering; we give applications to the problem of allocation of scarce resources. |
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