Minty variational inequalities in the study of a dynamic oligopoly

@inproceedings{Crespi2006MintyVI,
  title={Minty variational inequalities in the study of a dynamic oligopoly},
  author={Giovanni P. Crespi},
  year={2006}
}
The methods for computing economic equilibria, based on variational inequalities are currently much in vogue (see e.g. [1, 2, 3, 4, 5, 6, 7, 8]). These are iterative and a natural interpretation is that they describe how individual players sequentially adjust their actions. At any stage, players solve a decentralized optimization problem depending on what the rivals are actually doing. Thus, methods based on the rich theory of variational inequalities have strong intuitive appeal: they reflect… CONTINUE READING