A Stone-Weierstrass theorem without closure under suprema
HTML articles powered by AMS MathViewer
- by R. Preston McAfee and Philip J. Reny
- Proc. Amer. Math. Soc. 114 (1992), 61-67
- DOI: https://doi.org/10.1090/S0002-9939-1992-1091186-2
- PDF | Request permission
Abstract:
For a compact metric space $X$, consider a linear subspace $A$ of $C\left ( X \right )$ containing the constant functions. One version of the Stone-Weierstrass Theorem states that, if $A$ separates points, then the closure of $A$ under both minima and maxima is dense in $C\left ( X \right )$. By the Hahn-Banach Theorem, if $A$ separates probability measures, $A$ is dense in $C\left ( X \right )$. It is shown that if $A$ separates points from probability measures, then the closure of $A$ under minima is dense in $C\left ( X \right )$. This theorem has applications in economic theory.References
- Patrick Billingsley, Convergence of probability measures, John Wiley & Sons, Inc., New York-London-Sydney, 1968. MR 0233396
- Nelson Dunford and Jacob T. Schwartz, Linear operators. Part I, Wiley Classics Library, John Wiley & Sons, Inc., New York, 1988. General theory; With the assistance of William G. Bade and Robert G. Bartle; Reprint of the 1958 original; A Wiley-Interscience Publication. MR 1009162
- Avner Friedman, Foundations of modern analysis, Holt, Rinehart and Winston, Inc., New York-Montreal, Que.-London, 1970. MR 0275100
- R. Preston McAfee, John McMillan, and Philip J. Reny, Extracting the surplus in the common-value auction, Econometrica 57 (1989), no. 6, 1451–1459. MR 1035121, DOI 10.2307/1913717
- Erzo G. J. Luttmer and Thomas Mariotti, The existence of subgame-perfect equilibrium in continuous games with almost perfect information: a comment on “The existence of subgame-perfect equilibrium in continuous games with almost perfect information: a case for public randomization” [Econometrica 63 (1995), no. 3, 507–544; MR1334862] by C. Harris, P. Reny and A. Robson, Econometrica 71 (2003), no. 6, 1909–1911. MR 2015423, DOI 10.1111/1468-0262.00473
- H. L. Royden, Real analysis, The Macmillan Company, New York; Collier Macmillan Ltd., London, 1963. MR 0151555
Bibliographic Information
- © Copyright 1992 American Mathematical Society
- Journal: Proc. Amer. Math. Soc. 114 (1992), 61-67
- MSC: Primary 41A65; Secondary 41A10, 46E25, 54C40
- DOI: https://doi.org/10.1090/S0002-9939-1992-1091186-2
- MathSciNet review: 1091186