Powered by OpenAIRE graph
Found an issue? Give us feedback
image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ Topological Methods ...arrow_drop_down
image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
Project Euclid
Other literature type . 1995
Data sources: Project Euclid
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
zbMATH Open
Article . 1995
Data sources: zbMATH Open
Topological Methods in Nonlinear Analysis
Article . 1995 . Peer-reviewed
Data sources: Crossref
versions View all 3 versions
addClaim

This Research product is the result of merged Research products in OpenAIRE.

You have already added 0 works in your ORCID record related to the merged Research product.

Random equilibra of random generalized games with applications to non-compact random quasi-variational inequalities

Random equilibria of random generalized games with applications to non-compact random quasi-variational inequalities
Authors: Tan, Kok-Keong; Yuan, Xian-Zhi;

Random equilibra of random generalized games with applications to non-compact random quasi-variational inequalities

Abstract

In the last two decades, the classical Arrow and Debreu result on the existence of Walrasian equilibria has been generalized in many directions. Mas-Colell has first shown that the existence of an equilibrium can be established without assuming preferences to be total or transitive. Next, by using an existence theorem of maximal elements, Gale and Mas-Colell gave a proof of the existence of a competitive equilibrium without ordered preferences. By using Kakutani's fixed point theorem, Shafer and Sonnenschein proved a powerful result on the ``Arrow and Debreu Lemma'' for abstract economies in which preferences may not be total or transitive but have open graphs. Meanwhile, Borglin and Keiding proved a new existence theorem for a compact abstract economy with KF-majorized preference correspondences. Following their ideas, there have been a number of generalizations of the existence of equilibria for compact abstract economies. These theorems generalized most known equilibrium existence theorems on compact generalized games due to Borglin and Keiding, Shafer and Sonnenschein, Toussaint, and Yannelis and Prabhakar. On the other hand, Debreu discussed the uncertainty of behavior of an economic activity and a series of papers concerning the uncertainty of behavior of economic actions have followed. For example, Hildenbrand considered an economy in which the preferences are random correspondences; Bewley studied the existence of equilibrium in abstract economies with a measure space of agents and with an infinite-dimensional strategy space; Kim et al. also proved the existence of equilibria in abstract economies with a measure space of agents and with an infinite-dimensional strategy space by random fixed point theorems. In this paper, the existence theorems of non-compact random equilibria in which the preference correspondences are \(L\)-majorized and constraint correspondences are upper semicontinuous are first obtained. As applications, we give the existence theorems for non-compact random quasi-variational inequalities, which in turn imply several existence theorems for non-compact generalized random quasi-variational inequalities. These results not only generalize the results of Tan and Zhang, but also are the stochastic versions of corresponding results in the literature.

Related Organizations
Keywords

Probabilistic games; gambling, non-compact random equilibria, Methods involving semicontinuity and convergence; relaxation, Random operators and equations (aspects of stochastic analysis), Classes of sets (Borel fields, \(\sigma\)-rings, etc.), measurable sets, Suslin sets, analytic sets, Variational inequalities, Existence of optimal solutions to problems involving randomness, Stochastic games, stochastic differential games, Fixed-point theorems, Games with infinitely many players, equilibrium existence theorems, Random nonlinear operators, General equilibrium theory, Applications of operator theory in optimization, convex analysis, mathematical programming, economics, Measurable and nonmeasurable functions, sequences of measurable functions, modes of convergence, Random linear operators, Set-valued operators, random quasi-variational inequalities, Set-valued maps in general topology

  • BIP!
    Impact byBIP!
    selected citations
    These citations are derived from selected sources.
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    3
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
3
Average
Average
Average
Green
bronze