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.

Existence for Competitive Equilibrium by Means of Generalized Quasivariational Inequalities

DONATO, MARIA BERNADETTE;MILASI, Monica
2013

Abstract

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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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11570/2558068
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