AN EXTREMELY SIMPLE PROOF OF THE K-K-M-S THEOREM

Authors
Citation
Pjj. Herings, AN EXTREMELY SIMPLE PROOF OF THE K-K-M-S THEOREM, Economic theory, 10(2), 1997, pp. 361-367
Citations number
14
Categorie Soggetti
Economics
Journal title
ISSN journal
09382259
Volume
10
Issue
2
Year of publication
1997
Pages
361 - 367
Database
ISI
SICI code
0938-2259(1997)10:2<361:AESPOT>2.0.ZU;2-Z
Abstract
An extremely simple proof of the K-K-M-S Theorem is given involving on ly Brouwer's fixed point theorem and some elementary calculus. A funct ion is explicitly given such that a fixed point of it yields an inters ection point of a balanced collection of sets together with balancing weights. Moreover, any intersection point of a balanced collection of sets together with balancing weights corresponds to a fixed point of t he function. Furthermore, the proof can be used to show pi-balanced ve rsions of the K-K-M-S Theorem, with pi-balancedness as introduced in B illera (1970). The proof makes clear that the conditions made with res pect to pi by Billera can be even weakened.