  We suggest a new approach to creation of general market equilibrium models
involving economic agents with local and partial knowledge about the system and
under different restrictions. The market equilibrium problem is then formulated
as a quasi-variational inequality that enables us to establish existence
results for the model in different settings. We also describe dynamic
processes, which fall into information exchange schemes of the proposed market
model. In particular, we propose an iterative solution method for
quasi-variational inequalities, which is based on evaluations of the proper
market information only in a neighborhood of the current market state without
knowledge of the whole feasible set and prove its convergence.
