Narrow Results

The aim of this paper is to consider time-dependent variational and quasi-variational inequalities and to study under which assumptions the continuity of solutions with respect to time can be ensured. Making an appropriate use of the set convergence in Mosco's sense, we are able to prove continuity results for strongly monotone variational and quasi-variational inequalities. The continuity results allow us to provide a discretization procedure for the calculation of solutions to the variational inequalities and, as a consequence, we can solve the time-dependent traffic network equilibrium problem.

A Walrasian pure exchange economy with utility functions, a particular case of a general economic equilibrium problem, is considered in this paper. We assume that each agent is endowed with goods and maximizes his utility function, under his budget constraints. We are able to characterize the Walrasian equilibria as solution of an associated quasi-variational inequality. This approach allows us to obtain an existence result of equilibrium solutions. As an application, we provide the explicit equilibrium in the case of two agents and two goods.