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This is a swap of short-term assets for MBS, and shifts the MBS equilibrium schedule left: What the Fed has been doing recently, however, is something else: buying long-term Treasuries.
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Hence the two equilibrium schedules.
We apply systematically a framework to settle the NP-hardness of some properties related to pure Nash equilibrium in Scheduling and Network Design Games.
In this paper, we analyse the departure time choice of the household travels and the equilibrium trip scheduling, i.e., extending the standard Vickrey's bottleneck model from work commute with one single preferred arrival time (work start time) to household commute with two consecutive preferred arrival times (school start time and work start time).
The results are driven by a tradeoff between two features of the equilibrium demand schedules: a bid-shading effect that operates differently in a limit-order book compared with a dealership market, and a zero-quantity bid ask spread that is present in the limit-order book only.
In the paper, we illustrate the efficiency of the technique in proving the NP-hardness of the existence of a pure Nash equilibrium in Matrix Scheduling Games and Weighted Network Design Games.
This is a natural result (given the progressive nature of the tax schedule) as equilibrium incomes turn out to be higher for active workers than for retirees.
We present two equilibrium models of legislative scheduling, one presuming that the calendar is itself the object of collective choice, and the other considering which calendars are immune from "discharge" (the change of at most one element of the calendar by a decisive coalition in the legislature).
end{aligned} (4 Proposition 1 below gives the equilibrium expected utility when the optimal fine schedule (f^* cdot )) is substituted into Eq. 4.
In this paper a modern gain-scheduling methodology is proposed which exploits recently developed velocity-based techniques to resolve many of the deficiencies of classical gain-scheduling approaches (restriction to near equilibrium operation, to slow rate of variation).
It also examines this relationship in the context of Pomfret's (1986) extended partial equilibrium framework depicting upward-sloping foreign supply schedules for the importing member country.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com