ABB theorems: Results and limitations in infinite dimensions
Functional Analysis
2024-07-19 v1 Optimization and Control
Abstract
We construct a weakly compact convex subset of with nonempty interior that has an isolated maximal element, with respect to the lattice order . Moreover, the maximal point cannot be supported by any strictly positive functional, showing that the Arrow-Barankin-Blackwell theorem fails. This example discloses the pertinence of the assumption that the cone has a bounded base for the validity of the result in infinite dimensions. Under this latter assumption, the equivalence of the notions of strict maximality and maximality is established
Cite
@article{arxiv.2407.10509,
title = {ABB theorems: Results and limitations in infinite dimensions},
author = {Aris Daniilidis and Carlo de Bernardi and Enrico Miglierina},
journal= {arXiv preprint arXiv:2407.10509},
year = {2024}
}