Bedard, Nicholas Charles; Goeree, Jacob K. - In: Theoretical economics : TE ; an open access journal in … 20 (2025) 3, pp. 815-829
We establish the Subgradient Theorem for monotone correspondences -- a monotone correspondence is equal to the subdifferential of a potential if and only if it is conservative, i.e. its integral along a closed path vanishes irrespective of the selection from the correspondence along the path. We...