Sentence examples for equilibrium set from inspiring English sources
We focus on Markov perfect equilibria and characterize the equilibrium set for a refinement of the Markov perfect equilibria.
Besides the joint friction also the joint-stiffness may play a crucial role, since it determines whether attractive solutions in or about the equilibrium set exist.
The control law which uses both optimal control and finite-time control techniques can globally stabilize the attitude of spacecraft system to an equilibrium set.
Moreover, for non-exact friction compensation it is shown that undercompensation leads to the existence of an equilibrium set and overcompensation leads to limit cycling.
The proposed supermodular mechanism can be chosen in a way that minimizes the size of the equilibrium set, and we provide two sets of sufficient conditions to this effect.
The OLG model of Allais and Samuelson retains the methodological assumptions of agent optimization and market clearing from the Arrow-Debreu model, yet its equilibrium set has different properties: Pareto inefficiency, indeterminacy, positive valuation of money, and a golden rule equilibrium in which the rate of interest is equal to population growth (independent of impatience).
It is proven that the two systems have different possible equilibrium sets and congestion mechanisms.
The point at which equilibrium sets in will depend on temperature, if heat is absorbed or released in the reaction.
Diffusion theory assumes that thermodynamic equilibrium sets in behind the flame front at a maximum temperature and that radicals produced in this zone diffuse into the unburned mixture and ignite it.
This paper investigates the economic and environmental effects of different climate change policy designs in a general equilibrium setting with heterogeneous firms and monopolistic competition.
We model the agency theoretic perspective of risk-averse investors and financiers in a general equilibrium setting under the framework of rational expectations (i.e., symmetric information).
