It will be referred to as the third equation for static equilibrium of actions or in brief way--simply the third equation.
7) is the third equation of static equilibrium of forces.
Capacity constraints are the only way to model noncompetitive pricing as a static equilibrium in a full-information homogeneous-product price-setting market.
TABLE 1 Static Equilibrium Predictions and Friedman Coefficient Values Treatment (1) [[bar.
We showed that if in the multiperiod dynamic model a competitive Nash equilibrium exists, it is Pareto-superior to the static equilibrium
if, and only if, conditional contracts are allowed.
0] = 0), but to switch irrevocably to the static equilibrium level (that is, X=x ) after observing an apparent violation of the agreement.
Thereafter, in the ensuing static equilibrium, the banker's profit each period is [rho]x-2[lambda]x=-x.
Nevertheless, in Appendix B, we provide some microstructure to the rent-seeking sector to demonstrate that the static equilibrium defined below is compatible with a richer microstructure.
The symmetric static equilibrium with perfect factor mobility is defined by a MRT p such that
Second, sellers may be drawn to static equilibrium
predictions but perceive an effective minimum bid increment.
When stresses of the tension zone are ignored, then, in the equations of static equilibrium
The analysis of the motion characteristics indicates that if parameter [gamma] increases, the body can move with jumping displacement and later vibrate close to the static equilibrium