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On inexact versions of a quasi-equilibrium problem: a Cournot duopoly perspective

Author

Listed:
  • E. L. Dias Júnior

    (Federal University of Piauí)

  • P. J. S. Santos

    (Universidade Federal do Delta do Parnaíba)

  • A. Soubeyran

    (Aix-Marseille University)

  • J. C. O. Souza

    (France and Department of Mathematics, CCN, Federal University of Piauí)

Abstract

This paper has two parts. In the mathematical part, we present two inexact versions of the proximal point method for solving quasi-equilibrium problems (QEP) in Hilbert spaces. Under mild assumptions, we prove that the methods find a solution to the quasi-equilibrium problem with an approximated computation of each iteration or using a perturbation of the regularized bifunction. In the behavioral part, we justify the choice of the new perturbation, with the help of the main example that drives quasi-equilibrium problems: the Cournot duopoly model, which founded game theory. This requires to exhibit a new QEP reformulation of the Cournot model that will appear more intuitive and rigorous. It leads directly to the formulation of our perturbation function. Some numerical experiments show the performance of the proposed methods.

Suggested Citation

  • E. L. Dias Júnior & P. J. S. Santos & A. Soubeyran & J. C. O. Souza, 2024. "On inexact versions of a quasi-equilibrium problem: a Cournot duopoly perspective," Journal of Global Optimization, Springer, vol. 89(1), pages 171-196, May.
    • Handle: RePEc:spr:jglopt:v:89:y:2024:i:1:d:10.1007_s10898-023-01341-5
    DOI: 10.1007/s10898-023-01341-5
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