Variational Inequalities for Modeling Auction Markets with Price Mappings

Variational Inequalities for Modeling Auction Markets with Price Mappings

We propose several new models for separate and spatially distributed auction based markets where participants' reactions are described by general price mappings and show that they admit equivalent variational inequality formulations. This approach is utilized for the derivation of existence and...

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Veröffentlicht in:The open operational research journal 2008-06, Vol.2 (1), p.29-37
1. Verfasser: Konnov, I. V.
Format: Artikel
Sprache:eng
Schlagworte:
Derivation
Equivalence
Inequalities
Mapping
Markets
Mathematical models
Operational research
Uniqueness
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Beschreibung
Zusammenfassung:We propose several new models for separate and spatially distributed auction based markets where participants' reactions are described by general price mappings and show that they admit equivalent variational inequality formulations. This approach is utilized for the derivation of existence and uniqueness results and for construction of efficient solution methods.
ISSN:1874-2432
1874-2432
DOI:10.2174/1874243200802010029