×

The study of minimax inequalities, abstract economics and applications to variational inequalities and Nash equilibria. (English) Zbl 0921.47047

Summary: In this survey, a new minimax inequality and an equivalent geometric form are proved. Next, a theorem concerning the existence of maximal elements for an \(L_C\)-majorized correspondence is obtained. By the maximal element theorem, existence theorems of equilibrium point for a noncompact one-person game and for a noncompact qualitative game with \(L_C\)-majorized correspondences are given. Using the last result and employing ‘approximation approach’, we prove the existence of equilibria for abstract economies in which the constraint correspondence is lower (upper) semicontinuous instead of having lower (upper) open sections or open graphs in infinite-dimensional topological spaces. Then, as applications, the existence theorems of solutions for the quasi-variational inequalities and generalized quasi-variational inequalities for noncompact cases are also proven. Finally, with the applications of quasi-variational inequalities, the existence theorems of Nash equilibrium of constrained games with noncompact are given. Our results include many results in the literature as special cases.

MSC:

47H04 Set-valued operators
47N10 Applications of operator theory in optimization, convex analysis, mathematical programming, economics
49J40 Variational inequalities
58E35 Variational inequalities (global problems) in infinite-dimensional spaces
91B50 General equilibrium theory
91A06 \(n\)-person games, \(n>2\)
91A07 Games with infinitely many players
47H10 Fixed-point theorems
47J20 Variational and other types of inequalities involving nonlinear operators (general)
PDFBibTeX XMLCite
Full Text: DOI