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On the study of the economic equilibrium problem through preference relations.

Authors :
Milasi, Monica
Puglisi, Alfio
Vitanza, Carmela
Source :
Journal of Mathematical Analysis & Applications. Sep2019, Vol. 477 Issue 1, p153-162. 10p.
Publication Year :
2019

Abstract

In this paper we consider a competitive economic equilibrium problem where preferences of consumers are expressed by means of a binary relation. The aim is to find a suitable quasi-variational inequality which characterizes the equilibria and, by using tools of variational theory, to study such equilibria. The novelty of this paper consists in the study of an economic equilibrium problem by a variational approach without the need of representing the consumer's preferences by a utility function. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
0022247X
Volume :
477
Issue :
1
Database :
Academic Search Index
Journal :
Journal of Mathematical Analysis & Applications
Publication Type :
Academic Journal
Accession number :
136419884
Full Text :
https://doi.org/10.1016/j.jmaa.2019.04.022