We propose several new equilibrium models for auction based markets and show that they admit equivalent variational inequality formulations. This approach simplifies essentially both the derivation of existence and uniqueness results and construction of efficient solution methods. The new models may be considered as alternative to the known perfectly and imperfectly competitive economic equilibrium models.

KONNOV, Igor, (2007). Modelling of Auction Type Markets (QUADERNI DEL DIPARTIMENTO DI MATEMATICA, STATISTICA, INFORMATICA ED APPLICAZIONI. SERIE MISCELLANEA 7(2007)). Bergamo: Retrieved from http://hdl.handle.net/10446/296

Modelling of Auction Type Markets

KONNOV, Igor
2007-01-01

Abstract

We propose several new equilibrium models for auction based markets and show that they admit equivalent variational inequality formulations. This approach simplifies essentially both the derivation of existence and uniqueness results and construction of efficient solution methods. The new models may be considered as alternative to the known perfectly and imperfectly competitive economic equilibrium models.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10446/296
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