In other words, as the bankruptcy and mortgage systems are imperfect substitutes, the equilibrium in which only mortgage is widely used (reflected in low bankruptcy rates) is Pareto dominated by the equilibrium in which agents can choose between the two insolvency institutions (reflected in higher bankruptcy rates).
Neoclassical analysis of general equilibrium, welfare economics, imperfect competition, externalities and public goods, risk and uncertainty, game theory, adverse selection, and moral hazard.
Finally, a two-stepped singular perturbation methodology is utilized to obtain the size-dependent critical buckling loads and the postbuckling equilibrium paths of imperfect nanoshells corresponding to both lateral and hydrostatic pressure loading cases.
In the presence of a cost of infection and/or imperfect transmission, an unstable infection equilibrium exists (often referred to as the 'invasion threshold'), separating the lower frequency range in which infection is counter-selected and the higher frequency range where it is selected for.
The pressure and temperature fields in the reservoir are determined by solving the problem of non-isothermal filtration of an imperfect gas and are compared with equilibrium conditions of hydrate formation.
Benassy (1993) attempts to fit the disequilibrium approach into a general equilibrium model with Keynesian and imperfect competition elements, seeking to creating a synthesis of Walrasian, Keynesian, and imperfect competition paradigms.
Imperfect information would result in a stochastic equilibrium.
T0c and T0m decrease with the increasing composition of PEI, indicating that the equilibrium crystals of the copolyesters become imperfect.
To give an economic interpretation to our estimates of person and firm effects in the context of inter‐industry wage differentials, we use a simple equilibrium model of wage determination with imperfect competition.
The equilibrium, stability, and compatibility equations of an imperfect functionally graded plate are derived using the classical plate theory.
