A RADNER EQUILIBRIUM PROBLEM: A VARIATIONAL APPROACH WITH PREFERENCE RELATIONS
Monica Milasi, Domenico Scopelliti, Carmela Vitanza · DOAJ (DOAJ: Directory of Open Access Journals) · 2020
In this paper, we study an economic equilibrium problem under uncertainty using a variational approach. In particular, the equilibrium conditions involve the maximization of agents preferences, which are supposed to be not complete. Hence, we will reformulate the equilibrium problem by means of a quasi-variational inequality without representing the preferences by a utility function.