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Monotone evolution of resource allocations
Authors:Jean-Pierre Aubin
Affiliation:CEREMADE, Université Paris IX Dauphine, Paris, France
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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