Scarf’s lemma

E776131

Scarf’s lemma is a fundamental result in combinatorial topology and game theory that guarantees the existence of approximate solutions to certain systems, underpinning proofs of equilibrium existence in economics and related fields.

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Predicate Object
instanceOf mathematical lemma
result in combinatorial topology
result in game theory
result in mathematical economics
appliesTo balanced games
cooperative games with transferable utility
systems of linear inequalities
consequence existence of approximate competitive equilibria in exchange economies
nonemptiness of the core for balanced games
developedBy Herbert E. Scarf NERFINISHED
field combinatorial topology
game theory
general equilibrium theory
mathematical economics
guarantees existence of approximate solutions to certain systems
hasProperty constructive in nature
finite combinatorial formulation
provides approximate rather than exact solutions
influenced algorithmic game theory
computational general equilibrium analysis
mathematicalDomain combinatorics
economic theory
optimization theory
topology
namedAfter Herbert E. Scarf NERFINISHED
relatedTo Brouwer fixed-point theorem NERFINISHED
Kakutani fixed-point theorem NERFINISHED
Shapley–Scarf housing market model NERFINISHED
Sperner’s lemma NERFINISHED
core of a cooperative game
topic approximate fixed points
combinatorial representations of equilibria
underpins proofs of equilibrium existence in economics
usedFor constructive proofs of equilibrium existence
proving existence of approximate competitive equilibria
proving existence of core allocations in cooperative games
proving existence of equilibria
usedIn proofs of core existence theorems
proofs of equilibrium existence in exchange economies
proofs of equilibrium existence in production economies

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Herbert Scarf notableWork Scarf’s lemma