×

A note on a class of equilibrium problems with equilibrium constraints. (English) Zbl 1249.49017

Summary: The paper concerns a two-level hierarchical game, where the players on each level behave noncooperatively. In this way one can model e.g., an oligopolistic market with several large and several small firms. We derive two types of necessary conditions for a solution of this game and discuss briefly the possibilities of its computation.

MSC:

49J40 Variational inequalities
49J52 Nonsmooth analysis
91B24 Microeconomic theory (price theory and economic markets)
91A65 Hierarchical games (including Stackelberg games)

References:

[1] J.-P.Aubin: Optima and Equilibria. Springer-Verlag, Berlin 1993 · Zbl 1074.91579
[2] Clarke F. H.: Optimization and Nonsmooth Analysis. Wiley, New York 1983 · Zbl 0696.49002
[3] Dontchev A. D., Rockafellar R. T.: Characterization of strong regularity for variational inequalities over polyhedral convex sets. SIAM J. Optim. 7 (1996), 1087-1105 · Zbl 0899.49004 · doi:10.1137/S1052623495284029
[4] Eaves B. C.: Homotopies for computation of fixed points. Math. Programming 3 (1972), 1-22 · Zbl 0276.55004 · doi:10.1007/BF01584975
[5] Fang S. C., Peterson E. L.: Generalized variational inequalities. J. Optim. Theory Appl. 38 (1982), 363-383 · Zbl 0471.49007 · doi:10.1007/BF00935344
[6] Harker P. T., Choi S. C.: A Penalty Function Approach for Mathematical Programs with Variational Inequality Constraints. WP 87-08-08, University of Pennsylvania · Zbl 0732.90075
[7] Hu X., Ralph D., Ralph E. K., Bardsley, P., Ferris M. C.: The Effect of Transmission Capacities on Competition in Deregulated Electricity Markets. Preprint 2002
[8] Luo Z.-Q., Pang J.-S., Ralph D.: Mathematical Programs with Equilibrium Constraints. Cambridge University Press, Cambridge 1996 · Zbl 1139.90003 · doi:10.1017/CBO9780511983658
[9] Mordukhovich B. S.: Approximation Methods in Problems of Optimization and Control (in Russian). Nauka, Moscow 1988 · Zbl 0643.49001
[10] Mordukhovich B. S.: Generalized differential calculus for nonsmooth and set-valued mappings. J. Math. Anal. Appl. 183 (1994), 250-288 · Zbl 0807.49016 · doi:10.1006/jmaa.1994.1144
[11] Mordukhovich B. S.: Optimization and Equilibrium Problems with Equilibrium Constraints. Preprint 2003. To appear in Omega · Zbl 1161.49015 · doi:10.1080/02331930802355390
[12] Mordukhovich B. S.: Equlibrium problems with equilibrium constraints via multiobjective optimization. Optimization Methods & Software 19 (2004), 5 · Zbl 1168.90624 · doi:10.1080/1055678042000218966
[13] Murphy F. H., Sherali H. D., Soyster A. L.: A mathematical programming approach for determining oligopolistic market equilibrium. Math. Programming 24 (1982), 92-106 · Zbl 0486.90015 · doi:10.1007/BF01585096
[14] Nash J. F.: Non-cooperative games. Ann. of Math. 54 (1951), 286-295 · Zbl 0045.08202 · doi:10.2307/1969529
[15] Outrata J. V.: Optimality conditions for a class of mathematical programs with equilibrium constraints. Math. Oper. Res. 24 (1999), 627-644 · Zbl 1039.90088 · doi:10.1287/moor.24.3.627
[16] Outrata J. V.: On constrained qualifications for mathematical programs with mixed complementarity constraints. Complementarity: Applications, Algorithms and Extensions (M. C. Ferris, O. L. Mangasarian and J.-S. Pang, Kluwer, Dordrecht 2001, pp. 253-272 · Zbl 0983.90065
[17] Outrata J. V., Zowe J.: A numerical approach to optimization problems with variational inequality constraints. Math. Programming 68 (1995), 105-130 · Zbl 0835.90093 · doi:10.1007/BF01585759
[18] Outrata J. V., Kočvara, M., Zowe J.: Nonsmooth Approach to Optimization Problems with Equilibrium Constraints. Kluwer, Dordrecht 1998 · Zbl 0947.90093
[19] Robinson S. M.: Some continuity properties of polyhedral multifunctions. Math. Programming Stud. 14 (1981), 206-214 · Zbl 0449.90090 · doi:10.1007/BFb0120929
[20] Scholtes S.: On the existence and computation of EPEC solutions. A talk given at the ICCP Conference in Cambridge, 2002
[21] Scheel H., Scholtes S.: Mathematical programs with equilibrium constraints: Stationarity, optimality and sensitivity. Math. Oper. Res. 25 (2000), 1-22 · Zbl 1073.90557 · doi:10.1287/moor.25.1.1.15213
[22] Ye J. J., Ye X. Y.: Necessary optimality conditions for optimization problems with variational inequality constraints. Math. Oper. Res. 22 (1997), 977-997 · Zbl 1088.90042 · doi:10.1287/moor.22.4.977
This reference list is based on information provided by the publisher or from digital mathematics libraries. Its items are heuristically matched to zbMATH identifiers and may contain data conversion errors. In some cases that data have been complemented/enhanced by data from zbMATH Open. This attempts to reflect the references listed in the original paper as accurately as possible without claiming completeness or a perfect matching.