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 … selection from the correspondence along the path. We prove two attendant results: the Potential Theorem, whereby a conservative … monotone correspondence can be integrated up to a potential, and the Duality Theorem, whereby the potential has a dual whose …