Quasivariational Inequalities for a Dynamic Competitive Economic Equilibrium Problem

The aim of this paper is to consider a dynamic competitive economic equilibrium problem in terms of maximization of utility functions and of excess demand functions. This equilibrium problem is studied by means of a time-dependent quasivariational inequality which is set in the Lebesgue space...

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Bibliographic Details
Main Authors: Carmela Vitanza, Monica Milasi, Maria Bernadette Donato
Format: Article
Language:English
Published: SpringerOpen 2009-01-01
Series:Journal of Inequalities and Applications
Online Access:http://dx.doi.org/10.1155/2009/519623
Description
Summary:The aim of this paper is to consider a dynamic competitive economic equilibrium problem in terms of maximization of utility functions and of excess demand functions. This equilibrium problem is studied by means of a time-dependent quasivariational inequality which is set in the Lebesgue space L2([0,T],ℝ). This approach allows us to obtain an existence result of time-dependent equilibrium solutions.
ISSN:1025-5834
1029-242X