Open Access
2016 Existence of General Competitive Equilibria: A Variational Approach
G. Anello, F. Rania
Abstr. Appl. Anal. 2016: 1-10 (2016). DOI: 10.1155/2016/4969253


We study the existence of general competitive equilibria in economies with agents and goods in a finite number. We show that there exists a Walras competitive equilibrium in all ownership private economies such that, for all consumers, initial endowments do not contain free goods and utility functions are locally Lipschitz quasiconcave. The proof of the existence of competitive equilibria is based on variational methods by applying a theoretical existence result for Generalized Quasi Variational Inequalities.


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G. Anello. F. Rania. "Existence of General Competitive Equilibria: A Variational Approach." Abstr. Appl. Anal. 2016 1 - 10, 2016.


Received: 30 December 2015; Revised: 26 March 2016; Accepted: 7 April 2016; Published: 2016
First available in Project Euclid: 13 August 2016

zbMATH: 06929368
MathSciNet: MR3518486
Digital Object Identifier: 10.1155/2016/4969253

Rights: Copyright © 2016 Hindawi

Vol.2016 • 2016
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