Results 31 to 40 of about 3,149,567 (372)
Equilibrium Further Studied for Combined System of Cournot and Bertrand: A Differential Approach
Complexity, 2020 In general, quantity competition and price competition exist simultaneously in a dynamic economy system. Whether it is quantity competition or price competition, when there are more than three companies in one market, the equilibrium points will become ...
Bingyuan Gao, Yueping Du
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Thermodynamic and dynamical predictions for bifurcations and non-equilibrium phase transitions
Communications Physics, 2023 “Critical transitions”, in which systems switch abruptly from one state to another are ubiquitous in physical and biological systems. Such critical transitions in complex systems are commonly described as dynamical processes within the framework of ...
Han Yan, Feng Zhang, Jin Wang
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Yquilibrium: A Theory for (Non-) Convex Economies [PDF]
arXiv, 2023 General equilibrium, the cornerstone of modern economics and finance, rests on assumptions many markets do not meet. Spectrum auctions, electricity markets, and cap-and-trade programs for resource rights often feature non-convexities in preferences or production that can cause non-existence of Walrasian equilibrium and render general equilibrium ...
arxiv
Work, work fluctuations, and the work distribution in a thermal non-equilibrium steady state [PDF]
Phys. Rev. E 94, 052128 (2016), 2016 Long-ranged correlations generically exist in non-equilibrium fluid systems. In the case of a non-equilibrium steady state caused by a temperature gradient the correlations are especially long-ranged and strong. The anomalous light scattering predicted to exist in these systems is well-confirmed by numerous experiments.
arxiv +1 more source
Intertemporal General Equilibrium and Monetary Theory [PDF]
, 2001 Theory is often at odds with the thinking and practice of monetary authorities. A confrontation of this situation is timely. General equilibrium theory serves to check the consistency of models and to bring out some of their properties. Surprisingly, an enquiry into monetary theory from the perspective of general equilibrium leads to conclusions that ...
DREZE, Jacques H. +1 more
openaire +3 more sources
An unpleasant dilemma for contemporary general equilibrium theory
, 2016 By examining the contributions of two prominent contemporary neoclassical economists, i.e. Lucas and Hahn, the article attempts to shed light on the problematic relationship between neoclassical theory and observation.
Ariel Dvoskin
semanticscholar +1 more source
Exploring General Equilibrium Points for Cournot Model
Discrete Dynamics in Nature and Society, 2018 In Cournot model, when there are many competitions, the competitive equilibrium becomes chaotic. It is extremely difficult to derive the general equilibrium points.
Bingyuan Gao, Yueping Du
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General Equilibrium and Welfare in International Trade
Œconomia, 2012 General equilibrium is investigated in the tradition of Cournot, Mill, and Marshall, as applied to countries rather than individuals, on the assumption that individual preferences can be aggregated. This includes the competitive equilibrium of free trade,
John S. Chipman
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Rational Play in Extensive-Form Games
Games, 2022 We argue in favor of a departure from the equilibrium approach in game theory towards the less ambitious goal of describing only the actual behavior of rational players.
Giacomo Bonanno
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General Non-equilibrium Theory of Colloid Dynamics
, 2010 A non-equilibrium extension of Onsager's canonical theory of thermal fluctuations is employed to derive a self-consistent theory for the description of the statistical properties of the instantaneous local concentration profile n(r,t) of a colloidal ...
B. Berne +11 more
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