A remark on Clarke's normal cone and the marginal cost pricing rule (Q5903837)
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scientific article; zbMATH DE number 4081241
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English | A remark on Clarke's normal cone and the marginal cost pricing rule |
scientific article; zbMATH DE number 4081241 |
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A remark on Clarke's normal cone and the marginal cost pricing rule (English)
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1988
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The author gives two ingenious results: Theorem 1. Let \(v_ 1,...,v_ k\) be a family or independent vectors of \(R^ e\), let \(C=\{\sum^{k}_{i=1}\lambda_ iv_ i|\) \(\lambda_ i\geq 0\), \(i=1,...,k\}\) and let \(C^ 0=\{p\in R^ e|\) \(pv_ i\leq 0\) for \(i=1,...,k\}\) be the negative polar cone of C. Then there exists a non-empty closed set \(Y\subset R^ e\) such that \(Y+C^ 0\subset Y\) and, for every \(y\in \partial Y\), one has \(N_ Y(y)=C\). \((N_ Y(y)\) is the normal cone to Y at y in the sense of Clarke). Theorem 1 bis generalizes a result of Rockafellar in dimension one.
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marginal cost pricing rule
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negative polar cone
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