The meaning of EQUILIBRIUM is a state of intellectual or emotional balance : poise. How to use equilibrium in a sentence. Did you know?
When it comes to verifying whether a behavior strategy is a subgame perfect equilibrium or not, the following characterization can be useful. Theorem 95 Characterization of Subgame Perfect Equilibria A (behavior) strategy profile τ¯* is a subgame perfect equilibrium if and only if there exist ...
Static equilibrium and dynamic equilibrium are termed when the object is at rest and moving in a constant velocity in a reference coordinate system, respectively. If the net result of all the external forces (including moments) acting on an object is not zero, Newton's second law applies. In...
Structures of Stochastic Differential Games for Which the Open-Loop Equilibrium Is Subgame Perfect In this paper, we consider the case when two profit-maximizing firms enter a new market with a competing product that has a finite (and known) life cycle. ... R Josa-Fombellida,JP Rincon-Zapate...
It is shown that uncharged test particles, released from rest at infinity in the Kerr-Newman field, stop and rebound when the radial coordinate r takes the... CA López - 《General Relativity & Gravitation》 被引量: 12发表: 1997年
It is easy to see that if μ < (1 + c2)/cs and either d1 or d2 are negative, then the domain defined by [4.33] is empty. Figures 4.12 and 4.13 show different situations that can occur when both d1 and d2 are strictly positive according to different values of μ. The values ...
It collapses to Nash Equilibrium when preferences are re... KC Lo - University of Toronto, Department of Economics 被引量: 77发表: 1995年 Nash equilibrium without mutual knowledge of rationality In a Nash equilibrium, players' rationality is mutual knowledge. However, both intuition and ...
For continuous aggregate excess demand functions of economies, the existing literature (e.g. Sonnenschein (1972, 1973), Mantel (1974), Debreu (1974), Mas-Colell (1977), etc.) achieves a complete characterization only when the functions are defined on special subsets of positive prices. In this...
LowerOriginal FrameMaker document last modied 13 March 2003A Web version of this document is available athttp://www.sfu.ca/person/lower/Chem1Text/equilibrium/1 Chemical change: how far, how fast?Chemical change occurs when the atoms that make up one or more substances rearrangethemselves in ...
Economic equilibrium is a condition or state in which economic forces are balanced. When there is economic equilibrium, all economic variables likesupply and demandremain unchanged provided there are no influencing external factors. This means these variables are all in their natural state. Economic eq...