On the continuity of correspondences on sets of measures with restricted marginals

B-Tier
Journal: Economic Theory
Year: 1999
Volume: 13
Issue: 2
Pages: 471-481

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Consider the set of probability measures on a product space with the property that all have the same marginal distributions on the coordinate spaces. This set may be viewed as a correspondence, when the marginal distributions are varied. Here, it is shown that this correspondence is continuous. Numerous problems in economics involve optimization over a space of measures where one or more marginal distributions is given. Thus, for this class of problem, Berge's theorem of the maximum is applicable: the set of optimizers is upper-hemicontinuous and the value of the optimal solution varies with the parameters (marginals) continuously.

Technical Details

RePEc Handle
repec:spr:joecth:v:13:y:1999:i:2:p:471-481
Journal Field
Theory
Author Count
1
Added to Database
2026-01-24