Equilibrium Models and Variational Inequalities

Equilibrium Models and Variational Inequalities, 1st Edition

Equilibrium Models and Variational Inequalities, 1st Edition,Igor Konnov,ISBN9780444530301


Elsevier Science




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Key Features

- Presents a unifying look on different equilibrium concepts and also the present state of investigations in this field
- Describes static and dynamic input-output models, Walras, Cassel-Wald, spatial price, auction market, oligopolistic equilibrium models, transportation and migration equilibrium models
- Covers the basics of theory and solution methods both for the complementarity and variational inequality problems
- The methods are illustrated by applications and exercises to economic equilibrium models


The concept of equilibrium plays a central role in various applied sciences, such as physics (especially, mechanics), economics, engineering, transportation, sociology, chemistry, biology and other fields. If one can formulate the equilibrium problem in the form of a mathematical model, solutions of the corresponding problem can be used for forecasting the future behavior of very complex systems and, also, for correcting the the current state of the system under control.

This book presents a unifying look on different equilibrium concepts in economics, including several models from related sciences.


This book is intended for:
Students and lecturers in Economics and in Applied Mathematics
Specialists in Economics, System Analysis, and Applied Mathematics

Igor Konnov

Affiliations and Expertise

Kazan State University, Kazan, Russia

Equilibrium Models and Variational Inequalities, 1st Edition



List of Figures

1. Introduction

Part I : Models

2. Linear Models in Economics

3. Linear Dynamic Models of an Economy

4. Optimization and Equilibria

5. Nonlinear Economic Equilibrium Models

6. Transportation and Migration Models

Part II : Complementarity Problems

7. Complementarity with Z Properties

8. Applications

9. Complementarity with P Properties

10. Applications

Part III: Variational Inequalities

11. Theory of Variational Inequalities

12. Applications

13. Projection Type Methods

14. Applications of the Projection Methods

15. Regularization Methods

16. Direct Iterative Methods for Monotone Variational Inequalities

17. Solutions to Exercises



Quotes and reviews

"By presenting a unifying view on equilibrium concepts in economics in an accessible and elegant way, this book fills an important gap in the xisting literature. It is recommended to researchers and graduate students working in theoretical aspects of mathematical equilibrium and/or applications to economic equilibrium models. However, a careful selection from the topics of the book together with necessary simplifications could also be used in an undergraduate course."--Mathematical Reviews

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