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The paper adds to the literature in three ways: first, it considers property rights and technology as endogenous variables in the process of system design; second it argues that in producing software multiple equilibrium designs may exist; and third, it shows that, in because of high rents and low design costs of modularity, production inefficiency can be persistent.
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Of course, one can design packed beds with multiple equilibrium stages to get higher separation factors.
We show that multiple equilibrium states are possible, and we use our analytical and computational tools to design an experiment for validation.
Multiple equilibrium conditions.
(1) Multiple equilibrium conditions .
In theory, it is possible to have multiple equilibrium conditions under Nash equilibrium explanation.
A water drop can occupy multiple equilibrium states, which relate to different local minimal energy.
Continuous stirred tank bioreactors with non-monotonic growth kinetics can exhibit bifurcation and multiple equilibrium points.
Such multiple equilibrium steps are necessary, but hard to achieve for small flow rates.
In this paper, nonlinear systems having multiple equilibrium points and low order dynamics are investigated.
The straight equilibrium configuration bifurcates in multiple equilibrium positions in the supercritical regime.
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