Annals of Operations Research

, Volume 44, Issue 2, pp 173–193 | Cite as

General economic equilibrium and variational inequalities: existence, uniqueness and sensitivity

  • Lan Zhao
Economic And Financial Equilibria
  • 98 Downloads

Abstract

In this paper we use the theory of variational inequalities to study the general economic equilibrium problem with production. The variational inequality is defined on a bounded set. Existence, uniqueness and sensitivity of the equilibrium point (pair of price vector and activity vector) are discussed through studying this variational inequality.

Keywords

Walras' law general economic equilibrium variational inequality sensitivity analysis 

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Copyright information

© J.C. Baltzer AG, Science Publishers 1993

Authors and Affiliations

  • Lan Zhao
    • 1
  1. 1.Department of MathematicsSUNY/College at Old WestburyOld WestburyUSA

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