Article ID Journal Published Year Pages File Type
5024360 Nonlinear Analysis: Real World Applications 2018 9 Pages PDF
Abstract
This paper is focused on the analysis of a time-dependent general equilibrium problem for a production economy by using the variational inequality approach. More precisely, the time-dependent allocation-price equilibrium consists in searching the optimal allocation by households and firms and in searching the market clearing condition. Firstly, a new formulation of the economic equilibrium problem by means of an evolutionary quasi-variational inequality is proven in the general context of semistrictly quasiconcave utility functions. Finally, an existence result for equilibrium solutions is given.
Related Topics
Physical Sciences and Engineering Engineering Engineering (General)
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