Arrow–Debreu model in the context of "General equilibrium"

Brouwer's fixed-point theorem is a fixed-point theorem in topology, named after L. E. J. (Bertus) Brouwer. It states that for any continuous function ${\displaystyle f}$ mapping a nonempty compact convex set to itself, there is a point ${\displaystyle x_{0}}$ such that ${\displaystyle f(x_{0})=x_{0}}$. The simplest forms of Brouwer's theorem are for continuous functions ${\displaystyle f}$ from a closed interval ${\displaystyle I}$ in the real numbers to itself or from a closed disk ${\displaystyle D}$ to itself. A more general form than the latter is for continuous functions from a nonempty convex compact subset ${\displaystyle K}$ of Euclidean space to itself.

Among hundreds of fixed-point theorems, Brouwer's is particularly well known, due in part to its use across numerous fields of mathematics. In its original field, this result is one of the key theorems characterizing the topology of Euclidean spaces, along with the Jordan curve theorem, the hairy ball theorem, the invariance of dimension and the Borsuk–Ulam theorem. This gives it a place among the fundamental theorems of topology. The theorem is also used for proving deep results about differential equations and is covered in most introductory courses on differential geometry. It appears in unlikely fields such as game theory. In economics, Brouwer's fixed-point theorem and its extension, the Kakutani fixed-point theorem, play a central role in the proof of existence of general equilibrium in market economies as developed in the 1950s by economics Nobel prize winners Kenneth Arrow and Gérard Debreu.