Abstract

In this paper, we propose two modified two-step proximal methods that are formed through the proximal-like mapping and inertial effect for solving two classes of equilibrium problems. A weak convergence theorem for the first method and the strong convergence result of the second method are well established based on the mild condition on a bifunction. Such methods have the advantage of not involving any line search procedure or any knowledge of the Lipschitz-type constants of the bifunction. One practical reason is that the stepsize involving in these methods is updated based on some previous iterations or uses a stepsize sequence that is non-summable. We consider the well-known Nash–Cournot equilibrium models to support our well-established convergence results and see the advantage of the proposed methods over other well-known methods.

Highlights

  • Let K to be a nonempty convex, closed subset of a Hilbert space E and f : E × E → R be a bifunction with f (u, u) = 0 for each u ∈ K

  • Iterative methods are efficient tools to evaluate an approximate solution to an equilibrium problem

  • Several methods are well known for solving the problem (EP), for instance the proximal point method [17,18], projection methods [19], extragradient methods [20,21,22], the subgradient method [23,24,25], methods using the Bregman distance [26], and others [27,28,29,30]

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Summary

Introduction

Korpelevich proved the weak convergence of the generated sequence under the hypotheses of Lipschitz continuity and pseudo-monotonicity on the operator It involves determining two projections onto a closed convex set in each iteration of the method. In 2016, Lyashko et al [34] proposed an extension of the method (2) motivated by the result in [35] This iterative sequence {un } is defined as follows: u0 , v0 ∈ C, un+1 = arg min{λ f (vn , y) + 1 kun − yk2 },. Polyak [36] began by taking inertial extrapolation as an acceleration method to solve smooth convex optimization problems These methods are two-step iterative schemes, while the iteration is evaluated by the use of the previous two iterations, and it could be viewed as an accelerating step of the iterative sequence.

Preliminaries
An Algorithm for the Strongly Pseudomonotone Equilibrium Problem and Its
Application to Variational Inequality Problems
Numerical Experiments
Nash–Cournot Equilibrium Model of Electricity Markets
Nash–Cournot Oligopolistic Equilibrium Model
Conclusions
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