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On Smithson's fixed point theorem for order preserving multifunctions
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On Smithson's fixed point theorem for order preserving multifunctions

Mark Voorneveld and Haruki Kono
arXiv
2023

Abstract

Mathematics - Combinatorics
Fixed point theorems are ubiquitous in economic research. Many studies cite Smithson (1971) “Fixed points of order preserving multifunctions,” yet the original proof contains errors. This note presents a new, concise proof and explains why Smithson’s argument is invalid. It also contains new results on the structure of the set of fixed points and monotone comparative statics.
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