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Boticinelli and Pin (2012) addressed the issue of equilibrium selection by introducing a dynamic model.
end{aligned} (3 Given this system of differential equations we can now address the issue of equilibrium.
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Her work on game theory focuses on adaptive dynamics in networks and large games, and issues of new equilibrium concepts and computation of equilibria.
Uncertainty or imprecision of equilibrium issues is, as you rightly note, an important aspect of calculating an equilibrium exchange rate and this is something that the BEER technique can incorporate.
Third, we analyze globally the motion of the pendulum and clarify the stability issue of some closed-loop equilibrium points; and we also provide some conditions on control parameters for achieving the tracking objective.
Third, we analyze globally the motion of the pendulum and clarify the stability issue of two closed-loop equilibrium points; and we also provide some conditions on control parameters for achieving the tracking objective.
The Universe must be an out-of-equilibrium system.
In this article, we have not concerned ourselves with existence and uniqueness issues of the Nash equilibrium.
Although he spoke with gravity about issues that concern him, he seemed to retain his sense of equilibrium and his sense of fun.
The next result addresses the issue of existence and uniqueness of the equilibrium.
Such non-equilibrium processes are essential for life: as Ahsendorf et al. state in their paper in the current issue of BMC Biology, 'we are only at equilibrium when we are dead' [ 1].
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com