New characterizations of M-convex functions and their applications to economic equilibrium models with indivisibilities

  • Authors:
  • Kazuo Murota;Akihisa Tamura

  • Affiliations:
  • Graduate School of Information Science and Technology, University of Tokyo, Tokyo 113-8656, Japan and Research Institute for Mathematical Sciences, Kyoto University, Kyoto 606-8502, Japan;Research Institute for Mathematical Sciences, Kyoto University, Kyoto 606-8502, Japan

  • Venue:
  • Discrete Applied Mathematics - Submodularity
  • Year:
  • 2003

Quantified Score

Hi-index 0.00

Visualization

Abstract

The concept of M-convex functions plays a central role in "discrete convex analysis", a unified framework of discrete optimization recently developed by Murota and others. This paper gives two new characterizations of M- and M'-convex functions generalizing Gul and Stacchetti's results on the equivalence among the single improvement condition, the gross substitutes condition and the no complementarities condition for set functions (utility functions on {0,1} vectors) as well as Fujishige and Yang's observation on the connection to M-convexity. We also discuss implications of our results in an exchange economy with indivisible goods.