- Tytuł:
- Higher-order conditions for local equilibria in a discontinuous Gale economic model
- Autorzy:
-
Michalak, A.
Studniarski, M. - Powiązania:
- https://bibliotekanauki.pl/articles/205957.pdf
- Data publikacji:
- 2017
- Wydawca:
- Polska Akademia Nauk. Instytut Badań Systemowych PAN
- Tematy:
-
Gale model
equilibrium
higher-order conditions
generalized directional derivatives - Opis:
- The paper introduces the concept of a strict local equilibrium of order k in the Gale economic model. We obtain higher-order necessary and sufficient conditions for such equilibria without assuming continuity of the utility functions. These conditions are formulated in terms of generalized lower and upper directional derivatives, introduced by Studniarski (1986). A stability theorem for strict local equilibria of order k is also included.
- Źródło:
-
Control and Cybernetics; 2017, 46, 1; 37-47
0324-8569 - Pojawia się w:
- Control and Cybernetics
- Dostawca treści:
- Biblioteka Nauki
Artykuł