The relations between the equilibrium prices
can be explained in several ways;
By focusing on information constraints and the degree to which a monetary inflation is anticipated, Salter and Luther (as well as Lucas) appear to believe that agents, when formulating their plans, try to appraise the underlying "real" data, calculate the equilibrium prices
that are implied in these data, and formulate plans based on these prices.
Hence there exists multiplicity of equilibria with respect to equilibrium prices
and multiplicity given equilibrium prices
2- Calculate Nash equilibrium prices
and flows for all the chains in the defined strategies.
This, he said, would be the pathway to achieve stability and materialise equilibrium prices
After the foreign exchange market stabilized in the following weeks, many investors started buying back bonds and yields fell back as market equilibrium prices
With the use of simulation software for data analysis, we can draw three Nash equilibrium prices
: [p.sub.1] = 23.67, [p.sub.2] = 19.6, and [p.sub.3] = 31.09; their profits are [[pi].sub.1] = 2804, [[pi].sub.2] = 9738.56, and [[pi].sub.3] = 71.286.
Our main contribution is to show how the impacts of SD population structure and negotiation on SP's and BA's equilibrium prices
and expected revenues depend on different demand models in a CMfg system with a dynamic SD population.
* Andrea Bufia, Boston University; Dimitri Vayanos, London School of Economics and NBER; and Paul Woolley, London School of Economics, "Asset Management Contracts and Equilibrium Prices
" (NBER Working Paper No.
Case 1: Equilibrium prices
in region [I.sup.+.sub.2] .