In fact, for vanishing gravitational field, these equilibria have no well-defined limit.
The conditions for ministerial restraint equilibria are somewhat more restrictive than when the reshuffle regime is exogenously determined, but not overly so.
In a game theory model, the outcome of the model can be represented as a set of mathematically specified equilibria.
Additionally, as our proof shows (see end of article), as the magnitude of affinities increases, alternative equilibria disappear.
Of particular interest is that ministerial restraint equilibria generally require a certain degree of difference in the ministers' levels of ambition.
He finds that a multitude of equilibria are possible.
In the equilibria that we describe, the players' ability to threaten each other credibly does not help them narrow their differences.
We confine ourselves to studying monetary equilibria in which a reserve requirement is binding at each date.
