When is a monotone function cyclically monotone?

  • Kushnir A
  • Lokutsievskiy L
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Abstract

We provide sufficient conditions for a monotone function with a finite set of outcomes to be cyclically monotone. Using these conditions, we show that any monotone function defined on the domain of gross substitutes is cyclically monotone. The result also extends to the domain of generalized gross substitutes and complements.

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Kushnir, A. I., & Lokutsievskiy, L. V. (2021). When is a monotone function cyclically monotone? Theoretical Economics, 16(3), 853–879. https://doi.org/10.3982/te4305

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