Result 4: A price of zero and positive volume, when it exists as a stable Walrasian equilibrium, can be observed occurring in a market even though three nonzero-price equilibria
We then numerically evaluate symmetric location equilibria
under risk aversion and, finally, compare the data with these numerical predictions.
Note that the existence of signaling equilibria
at [Mathematical Expression Omitted] depends on tariff policy - this relation is explored in the following section.
Again there can be two equilibria
for some values of [Mu], although now equilibrium, existence is ensured throughout.
Chapters Twelve and Thirteen explain methods for computing equilibria
of economies with consumers that have heterogeneous preferences and endowments.
Fabio Lopez Ceron, CEO of Equilibria
Of course, the possibility of multiple equilibria
can complicate backward induction.
Categorization is employed in both the Wilson and MWS equilibria
whenever the categorizing regime contracts are better for the L-types in category A than the non-categorizing equilibrium contracts.
32] separates the basin of attraction of the stable equilibria
11) Thus, as in Reinganum and Wilde (1986), the separating equilibrium we present is consistent with this refinement, while all other possible equilibria
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 new volume details the phase equilibria
of dielectric Ti, Nb, and Ta oxide systems.
The second theory views bank runs as a consequence of the existence of multiple equilibria
17 Chemical Equilibria
I: Single Chemical Reaction Equations.
The only pure strategy (3) equilibria
of the extended stage games are (D, D) and (A, A).