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We extend Berge's Maximum Theorem to allow for incomplete preferences. We first provide a simple version of the Maximum Theorem for convex feasible sets and a fixed preference. Then, we show that if, in addition to the traditional…

Theoretical Economics · Economics 2021-11-17 Leandro Gorno , Alessandro Rivello

For an upper semi-continuous set-valued mapping from one topological space to another and for a lower semi-continuous function defined on the product of these spaces, Berge's theorem states lower semi-continuity of the minimum of this…

General Topology · Mathematics 2012-03-08 Eugene A. Feinberg , Pavlo O. Kasyanov , Nina V. Zadoianchuk

Berge's maximum theorem gives conditions ensuring the continuity of an optimised function as a parameter changes. In this paper we state and prove the maximum theorem in terms of the theory of monoidal topology and the theory of double…

Category Theory · Mathematics 2018-07-03 Seerp Roald Koudenburg

In this paper, we obtain results about the positive definiteness, the continuity and the level-boundedness of two optimal value functions of specific parametric optimization problems. Those two optimization problems are generalizations of…

Optimization and Control · Mathematics 2024-08-27 Assalé Adjé

This note generalizes Berge's maximum theorem to noncompact image sets. It is also clarifies the results from E.A. Feinberg, P.O. Kasyanov, N.V. Zadoianchuk, "Berge's theorem for noncompact image sets," J. Math. Anal. Appl. 397(1)(2013),…

General Topology · Mathematics 2013-10-01 Eugene A. Feinberg , Pavlo O. Kasyanov , Mark Voorneveld

Consider the set of probability measures with given marginal distributions on the product of two complete, separable metric spaces, seen as a correspondence when the marginal distributions vary. In problems of optimal transport, continuity…

Risk Management · Quantitative Finance 2020-09-29 Mario Ghossoub , David Saunders

In this paper we assemble some results about the upper-semicontinuity and lower-semicontinuity of the feasible correspondence and the solution correspondence of linear programming problems allowing variability of all parameters of such…

Optimization and Control · Mathematics 2024-12-10 Somdeb Lahiri

The paper studies coincidence points of parameterized set-valued mappings (multifunctions), which provide an extended framework to cover several important topics in variational analysis and optimization that include the existence of…

Optimization and Control · Mathematics 2022-03-23 Aram V. Arutyunov , Boris S. Mordukhovich , Sergey E. Zhukovskiy

Dependence on the parameter is continuous when perturbations of the parameter preserves strict preference for one alternative over another. We characterise this property via a utility function over alternatives that depends continuously on…

Computer Science and Game Theory · Computer Science 2019-04-01 Patrick H. O'Callaghan

We investigate conditions of optimality for an infinite horizon control problem and consider their correspondence with the value function. Assuming Lipschitz continuity of the value function, we prove that sensitivity relations plus the…

Optimization and Control · Mathematics 2016-07-20 Dmitry Khlopin

This work takes up the challenges of utility maximization problem when the market is indivisible and the transaction costs are included. First there is a so-called solvency region given by the minimum margin requirement in the problem…

Portfolio Management · Quantitative Finance 2010-03-16 Qingshuo Song , G. Yin , Chao Zhu

In this article we treat a notion of continuity for a multi-valued function $F$ and we compute the descriptive set-theoretic complexity of the set of all $x$ for which $F$ is continuous at $x$. We give conditions under which the latter set…

Logic · Mathematics 2015-07-01 Vassilios Gregoriades

In this paper we study the right differentiability of a parametric infimum function over a parametric set defined by equality constraints. We present a new theorem with sufficient conditions for the right differentiability with respect to…

Optimization and Control · Mathematics 2023-06-22 Kevin Sturm

This paper proposes a change in perspective on the ``transformation of values'' problem: from ``searching for a single constant solution'' to ``characterizing the allocation space under objective constraints imposed by the physical…

Theoretical Economics · Economics 2026-03-12 Jiyuan Lyu

We study the ridge method for min-max problems, and investigate its convergence without any convexity, differentiability or qualification assumption. The central issue is to determine whether the ''parametric optimality formula'' provides a…

Optimization and Control · Mathematics 2023-06-27 Edouard Pauwels

In this article we treat a notion of continuity for a multi-valued function F and we compute the descriptive set-theoretic complexity of the set of all x for which F is continuous at x. We give conditions under which the latter set is…

Computational Complexity · Computer Science 2010-06-03 Vassilios Gregoriades

The extremum value theorem for function spaces plays the central role in optimal control. It is known that computation of optimal control actions and policies is often prone to numerical errors which may be related to computability issues.…

Optimization and Control · Mathematics 2018-06-25 Pavel Osinenko , Stefan Streif

We consider a stochastic optimal control problem in a market model with temporary and permanent price impact, which is related to an expected utility maximization problem under finite fuel constraint. We establish the initial condition…

Mathematical Finance · Quantitative Finance 2015-10-13 Mourad Lazgham

We consider the problem of maximizing a monotone nondecreasing set function under multiple constraints, where the constraints are also characterized by monotone nondecreasing set functions. We propose two greedy algorithms to solve the…

Optimization and Control · Mathematics 2023-05-09 Lintao Ye , Zhi-Wei Liu , Ming Chi , Vijay Gupta

In combinatorial optimization, partial variable assignments are called persistent if they agree with some optimal solution. We propose persistency criteria for the multicut and max-cut problem as well as fast combinatorial routines to…

Optimization and Control · Mathematics 2018-12-05 Jan-Hendrik Lange , Bjoern Andres , Paul Swoboda
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