A Radner equilibrium problem: a variational approach with preference relations

Authors

  • Monica Milasi Università degli Studi di Messina https://orcid.org/0000-0001-7441-7771
  • Domenico Scopelliti Università degli Studi di Messina
  • Carmela Vitanza Accademia Peloritana dei Pericolanti

DOI:

https://doi.org/10.1478/AAPP.98S2A11

Abstract

In this paper, we study an economic equilibrium problem under uncertainty using a variational approach. In particular, the equilibrium conditions involve the maximization of agents preferences, which are supposed to be not complete. Hence, we will reformulate the equilibrium problem by means of a quasi-variational inequality without representing the preferences by a utility function.

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Published

2020-12-13

Issue

Vol 98, SUPPL NO 2 (2020): VA.PDE.ME.19

Section

Variational Analysis, PDEs and Mathematical Economics (Conference Proceedings)

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