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Bound

Describing a party to a contract who is legally obligated to follow that contract. A bound party who violates the contract may be sued for damages.
References in periodicals archive ?
The space [C.sub.c] (X) has a fundamental bounded resolution if and only if there is a covering net {[F.sub.[alpha],n] : ([alpha], n) [member of] [N.sup.N] x N} such that if {[F.sub.n] : n [member of] N} is an increasing covering of K(X) by closed sets, there exists [gamma] [member of] NN such that [mathematical expression not reproducible] for all n [member of] N.
Hence A [subset or equal to] [A.sub.[gamma]], which proves that {[F.sub.[alpha],n] : [alpha] [member of] [N.sup.N]} is a fundamental bounded resolution for [C.sub.c](X).
Conversely, if [C.sub.c] (X) has a fundamental bounded resolution {[B.sub.[alpha] : [alpha] [member of] [N.sup.N]} and we set
instruct its professors to grade on a bounded curve, or should grading
In a bounded institutional structure, a policymaking body (the
prominent examples of bounded institutional structures.
Sterman also engages in the analysis of bounded rationality in system dynamics models.
Sterman develops a bounded rationality heuristic for the 'beer distribution game' (Senge, 1990; Jarmain, 1963), which reproduces the players' non-optimal decision behaviour.
The article 'A behavioral analysis of learning curve strategy' deals with the consequences bounded rationality has--in the literature suggested--on the strategy of fast capacity expansion in markets with a high learning potential (Sterman et al., 1995).
The entire middle section of Bounded Rationality proves equally difficult.
In Bounded Rationality in Macroeconomics, Thomas Sargent seeks to inform the reader about bounded rationality and, more importantly, to persuade him that bounded rationality is a valuable approach to macroeconomic problems.
If Sargent had recalled the observation, he would have produced a valuable introduction to bounded rationality modeling.