Eksempler på equilibrium

• As we might expect, models with social norms easily give rise to multiple equilibria, one with low and one with high welfare-state spending.

• Surely, these macroscopic equilibria are ultimately the result of the complicated dynamics of the underlying system of particles including collisions and dissipation.

• The authors propose a simple model with linear random technologies and look at the competitive equilibria as the number of commodities and techniques increases.

• Pareto-ranked multiple equilibria exist with the extent of the market and circulation of private liabilities endogenously determined.

• The logical quantity theory is about the relationship among sets of competitive equilibria.

• Note that competitive equilibria also exist in my economy, at nominal prices high enough.

• We study monetary equilibria with and without binding reserve requirements.

• We confine ourselves to studying monetary equilibria in which a reserve requirement is binding at each date.

• In the equilibria that we describe, the players' ability to threaten each other credibly does not help them narrow their differences.

• He finds that a multitude of equilibria are possible.

• Of particular interest is that ministerial restraint equilibria generally require a certain degree of difference in the ministers' levels of ambition.

• Additionally, as our proof shows (see end of article), as the magnitude of affinities increases, alternative equilibria disappear.

• In a game theory model, the outcome of the model can be represented as a set of mathematically specified equilibria.

• The conditions for ministerial restraint equilibria are somewhat more restrictive than when the reshuffle regime is exogenously determined, but not overly so.

• In fact, for vanishing gravitational field, these equilibria have no well-defined limit.