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Source. Laczkovich (1984), printed p. 109 (PDF p. 1), crediting J. Lawrence, reference [3]. Laczkovich supplies the formula and states that it satisfies the stronger inequality. The verification below is expanded here. Lawrence's separately cited paper is not used as an independently inspected source.
Statement
For positive rational , let be the least positive integer for which . Define by
Then for every and positive ,
In particular satisfies (K), but it is neither nondecreasing nor nonincreasing. It is unbounded on every rational interval with .
Bears on. Problem 1125: this separates the rational domain from the real-line theorem. It is not a counterexample to that theorem.
Proof
The level exists because the positive denominator of a reduced fraction divides a sufficiently large factorial. Its exponent is a positive integer.
If , (1) follows from nonnegativity. Suppose , and write . At least one of and has level at least . This is automatic when . For , if both levels were at most , their products with would be integers. The identity
would make an integer, contradicting minimality of .
Choose such a later point , and put . Since and ,
Both sides are integers, so . Therefore , proving (1). As , its maximum at the two later points is at most their sum, so (K) follows.
For explicit failures of the two monotonicity directions, observe
Here . Thus is neither nonincreasing nor nondecreasing.
Finally, fix . For every sufficiently large integer , the interval has length greater than , and so contains an odd integer . Put . Its reduced denominator is . For each fixed integer , this denominator fails to divide for all sufficiently large , so . Consequently
This proves the stated local unboundedness.