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A variational inequality approach for the determination of oligopolistic market equilibrium

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Abstract

This paper presents an alternative approach to that by Murphy, Sherali and Soyster [13] for computing market equilibria with mathematical programming methods. This approach is based upon a variational inequality representation of the problem and the use of a diagonalization/relaxation algorithm.

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Harker, P.T. A variational inequality approach for the determination of oligopolistic market equilibrium. Mathematical Programming 30, 105–111 (1984). https://doi.org/10.1007/BF02591802

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