Generalized gradients of monotone type

2004 ◽  
Vol 56 (2) ◽  
pp. 201-212
Author(s):  
Pandelis Dodos
2008 ◽  
Vol 340 (1) ◽  
pp. 707-720 ◽  
Author(s):  
Bui Trong Kien ◽  
Mu-Ming Wong ◽  
Ngai-Ching Wong
Keyword(s):  

Author(s):  
Sjur Didrik Flåm

AbstractBy the first welfare theorem, competitive market equilibria belong to the core and hence are Pareto optimal. Letting money be a commodity, this paper turns these two inclusions around. More precisely, by generalizing the second welfare theorem we show that the said solutions may coincide as a common fixed point for one and the same system.Mathematical arguments invoke conjugation, convolution, and generalized gradients. Convexity is merely needed via subdifferentiablity of aggregate “cost”, and at one point only.Economic arguments hinge on idealized market mechanisms. Construed as algorithms, each stops, and a steady state prevails if and only if price-taking markets clear and value added is nil.


2012 ◽  
Vol 137 (2) ◽  
pp. 123-130
Author(s):  
G. Apreutesei ◽  
N. Apreutesei

2011 ◽  
Vol 48 (1) ◽  
pp. 145-152
Author(s):  
Luděk Nechvátal

Abstract The paper deals with a nonlinear weak monotone type problem and its solution with respect to uncertain coefficients in the equation. The so- -called worst scenario method is adopted. The formulation of suitable conditions and a proof of the existence of a solution of the worst scenario problem is presented.


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