Existence for competitive equilibrium by means of generalized quasivariational inequalities (Q1949492)
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scientific article; zbMATH DE number 6161360
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Existence for competitive equilibrium by means of generalized quasivariational inequalities |
scientific article; zbMATH DE number 6161360 |
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Existence for competitive equilibrium by means of generalized quasivariational inequalities (English)
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8 May 2013
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Summary: A competitive economic equilibrium model integrated with exchange, consumption, and production is considered. Our goal is to give an existence result when the utility functions are concave, proper, and upper semicontinuous. To this aim we are able to characterize the equilibrium by means of a suitable generalized quasi-variational inequality; then we give the existence of equilibrium by using the variational approach.
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