In both cases, a convergence toward the

equilibria is evident.

It is therefore of immediate interest to evaluate location

equilibria under risk aversion and consider whether these explain the data better than the risk-neutral equilibrium or approximate equilibrium predictions.

There exist two distinct

equilibria where the quantity played by the domestic firm signals costs: 1) when, [Mathematical Expression Omitted] the low-cost firm plays [Mathematical Expression Omitted], the high-cost firm [Mathematical Expression Omitted], 2) when [Mathematical Expression Omitted], the low-cost firm plays [Mathematical Expression Omitted], the high-cost firm [Mathematical Expression Omitted].

For these reasons, we shall only describe the stable

equilibria in section IV.

Recursive Competitive

Equilibria and Capital Asset Pricing: Essays in Financial Economics.

The proof uses dominance arguments (drawing on Osborne and Pitchik 1987) to limit a firm's pricing support in any equilibrium to a single point, thus ruling out mixed strategy

equilibria.

For the MWS and Wilson

equilibria, we can simultaneously find a [[lambda].

Regardless of the number of

equilibria in the interior first quadrant, [E.

The

equilibria we propose in Proposition 2 satisfies the D1 refinement, and it is the only equilibrium that does so.

The new volume is part of the acclaimed series, Phase

Equilibria Diagrams (known formerly as Phase Diagrams for Ceramists) produced jointly by NIST and ACerS.

These stylized facts refute only the simplest way of modeling multiple

equilibria and even then only under fairly specific conditions.

19 Chemical

Equilibria Between Gaseous and Condensed Phases I.