We introduce a parametric variational inequality in order to model the time dependentWalras economic equilibrium and discuss its relation with an integral formulation in the spaces (L!, L1). The role of monotonicity is analysed and, as a classical example, we study theWalras problem using the Cobb–Douglas functions in this new functional setting.

Some Remarks on the Walras Equilibrium Problem in Lebesgue Spaces

CAUSA, Antonio;RACITI, Fabio
2011

Abstract

We introduce a parametric variational inequality in order to model the time dependentWalras economic equilibrium and discuss its relation with an integral formulation in the spaces (L!, L1). The role of monotonicity is analysed and, as a classical example, we study theWalras problem using the Cobb–Douglas functions in this new functional setting.
Variational inequalities; Monotonicity- Non reflexive Lebesgue spaces; Walras equilibrium
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/20.500.11769/9741
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