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A variational inequality approach for the determination of oligopolistic market equilibrium. (English) Zbl 0559.90015

This paper presents an alternative approach to that by F. H. Murphy, H. D. Sterali and A. L. Soyster [ibid. 24, 92-106 (1982; Zbl 0486.90015)] for computing market equilibria with mathematical programming methods. This approach is based upon a variational inequality representation of the problem and the use of a diagonalization/relaxation algorithm.

MSC:

91B50 General equilibrium theory
90C90 Applications of mathematical programming
65K05 Numerical mathematical programming methods
91B24 Microeconomic theory (price theory and economic markets)

Citations:

Zbl 0486.90015
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References:

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