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 returned.
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.
An extensive empirical literature examines the extent to which these factors influence
equilibrium prices in a variety of settings, with much of the recent work in online internet markets (Baye et al.
* 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] .