The objective of this study is to develop a simple explicit model for determination of carbon dioxide solubility and liquid phase ionic equilibria
in aqueous alkanolamine solutions simultaneously.
We then determine whether targeted self-insurance efforts are performed in three equilibria
with adverse selection: the pooling equilibrium (see the "Private Genetic Information: The Pooling Equilibrium" section), the Rothschild-Stiglitz separating equilibrium (see the "Private Genetic Information: The Rothschild and Stiglitz Equilibrium" section), and the Miyazaki-Spence separating equilibrium (see the "Private Genetic Information: The Miyazaki-Spence Equilibrium" section).
Nevertheless, Hurwicz (1945, 1953) is raising an essential issue in game theory, that equilibria
depend on (i) the rationality of the players and (ii) their specific beliefs.
This Chapter deals with the interplay between competitive equilibria
and autoregressive representations.
In particular, for the cost model, if CE denotes the set of correlated equilibria
and NE denotes the set of Nash equilibria
, we define PoM = [max.
15) Unfortunately, characterizing the payoffs in these mixed strategy equilibria
to an extent sufficient for guiding backward induction and guaranteeing a subgame perfect equilibrium is hard; it has not been done purely analytically even in the original Hotelling model.
The local stability of the equilibria
have been discussed and it is found that unique non-trivial equilibrium point is stable for all delay.
Neural network modeling of adsorption equilibria
of mixtures in supercritical fluids.
Students deserve reasoned explanations of the behaviour of chemical equilibria
built upon their prior knowledge of kinetics.
3) can have more than one equilibrium point in the interior of the first quadrant and we studied the stability of the equilibria
Note that other equilibria
exist in which the rejection rate is 100%.
The general methodology for finding the sub-game-perfect equilibria
is to use backward induction, i.
Carverhill, 1993, "Quasi-Mean Reversion in an Efficient Stock-Market--The Characterization of Economic Equilibria
Which Support Black Scholes Option Pricing", Economic Journal, 103:395-405
In their paper, "Monetary Discretion, Pricing Complementarity, and Dynamic Multiple Equilibria
," King and Wolman demonstrate, in a New Keynesian setting, that besides producing high inflation, discretion has a further adverse consequence.
The second theory views bank runs as a consequence of the existence of multiple equilibria