A Variational Inequality Scheme for Determining an Economic Equilibrium of Classical or Extended Type
نویسنده
چکیده
The existence of an equilibrium in an extended Walrasian economic model of exchange is confirmed constructively by an iterative scheme. In this scheme, truncated variational inequality problems are solved in which the agents’ budget constraints are relaxed by a penalty representation. Epi-convergence arguments are employed to show that, in the limit, a virtual equilibrium is obtained, if not actually a classical equilibrium. A number of technical hurdles are, in this way, surmounted.
منابع مشابه
A Variational Inequality Scheme for Determining an Economic Equilibrium
The existence of an equilibrium in an extended Walrasian economic model of exchange is confirmed constructively by an iterative scheme. In this scheme, truncated variational inequality problems are solved in which the agents’ budget constraints are relaxed by a penalty representation. Epi-convergence arguments are employed to show that, in the limit, an equilibrium of the targeted type is obtai...
متن کاملAn Iterative Scheme for Generalized Equilibrium, Variational Inequality and Fixed Point Problems Based on the Extragradient Method
The problem ofgeneralized equilibrium problem is very general in the different subjects .Optimization problems, variational inequalities, Nash equilibrium problem and minimax problems are as special cases of generalized equilibrium problem. The purpose of this paper is to investigate the problem of approximating a common element of the set of generalized equilibrium problem, variational inequal...
متن کاملStrong convergence of a general implicit algorithm for variational inequality problems and equilibrium problems and a continuous representation of nonexpansive mappings
We introduce a general implicit algorithm for finding a common element of the set of solutions of systems of equilibrium problems and the set of common fixed points of a sequence of nonexpansive mappings and a continuous representation of nonexpansive mappings. Then we prove the strong convergence of the proposed implicit scheme to the unique solution of the minimization problem on the so...
متن کاملOn Fixed Point Results for Hemicontractive-type Multi-valued Mapping, Finite Families of Split Equilibrium and Variational Inequality Problems
In this article, we introduced an iterative scheme for finding a common element of the set of fixed points of a multi-valued hemicontractive-type mapping, the set of common solutions of a finite family of split equilibrium problems and the set of common solutions of a finite family of variational inequality problems in real Hilbert spaces. Moreover, the sequence generated by the proposed algori...
متن کاملApproximation of fixed points for a continuous representation of nonexpansive mappings in Hilbert spaces
This paper introduces an implicit scheme for a continuous representation of nonexpansive mappings on a closed convex subset of a Hilbert space with respect to a sequence of invariant means defined on an appropriate space of bounded, continuous real valued functions of the semigroup. The main result is to prove the strong convergence of the proposed implicit scheme to the unique solutio...
متن کامل