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This paper considers generalized equations, which are convenient tools for formulating problems in complementarity and in mathematical programming, as well as variational inequalities. We introduce a regularity condition for such problems and, with its help, prove existence, uniqueness and Lipschitz continuity of solutions to generalized equations with parametric data. Applications to nonlinear programming and to other areas are discussed, and for important classes of such applications the regularity condition given here is shown to be in a certain sense the weakest possible condition under which the stated properties will hold.
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