6(a) compares the model results with the experimentally determined liquid phase ionic equilibria
CO2-DEA-H2O system .
Under this setting, two equilibria
exist: the Rothschild-Stiglitz separating equilibrium and the Wilson pooling equilibrium.
These interpretations can be seen as a fundamental contribution of Nash in terms of the substantive relevance of equilibria
Chapters Twelve and Thirteen explain methods for computing equilibria
of economies with consumers that have heterogeneous preferences and endowments.
As a general comment, we avoid games which have dominated strategies, as too many constraints are placed on which types of correlated equilibria
are constructible in such games.
Of course, the possibility of multiple equilibria
can complicate backward induction.
Prediction of multicomponent ion exchange equilibria
At best, LCP is a 'rule-of-thumb', a possible way of correctly predicting shifts in equilibria
without needing to understand underlying processes.
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
Hence, the price-sustainable monopoly market configuration emerges as one of two possible sub-game-perfect equilibria
for this market game.
These stylized facts refute only the simplest way of modeling multiple equilibria
and even then only under fairly specific conditions.