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A Continuous Extension That Preserves Concavity, Monotonicity And Lipschitz Continuity

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  • Andrés Carvajal

Abstract

The following is proven here: let W : X × C −→ R, where X is convex, be a continuous and bounded function such that for each y ∈ C, the function W (·, y) : X −→ R is concave (resp. strongly concave; resp. Lipschitzian with constant M; resp. monotone; resp. strictly monotone) and let Y ⊇ C. If C is compact, then there exists a continuous extension of W , U : X × Y −→ £infX×C W, supX×C W ¤, such that for each y ∈ Y , the function U (·, y) : X −→ R is concave (resp. strongly concave; resp. Lipschitzian with constant My ; resp. monotone; resp. strictly monotone).

Suggested Citation

  • Andrés Carvajal, 2003. "A Continuous Extension That Preserves Concavity, Monotonicity And Lipschitz Continuity," Borradores de Economia 1907, Banco de la Republica.
    • Handle: RePEc:col:000094:001907
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    References listed on IDEAS

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    1. Howe, Roger, 1987. "Sections and extensions of concave functions," Journal of Mathematical Economics, Elsevier, vol. 16(1), pages 53-64, February.
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    1. Andrés Carvajal, 2003. "Testable Restrictions og General Equilibrium Theory in Exchange Economies with Externalities," Borradores de Economia 3556, Banco de la Republica.

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