Abstract:The main result of this paper is the proof of the strict concavity of some function of integral form depending on three random variables, which we call priorities. This function is an objective function in the so-called model with priorities, in which the arbiter, following expert opinions, distributes funds among the enterprises and institutions under his jurisdiction. This result implies an important corollary about the existence and uniqueness of a local maximum point (which is also a global maximum point) … Show more
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