Since Lėon Walras neoclassical economists hold an inalterable belief in a unique and stable equilibrium for the … a stable equilibrium. In a complex nonlinear deterministic systems, equilibria, whether multiple or deterministically …

conditions for unique solutions to systems of simultaneous equations and for unique market equilibrium. Under standard … desirability conditions, it is shown that a competitive market has a unique equilibrium if its reduced excess demand has a … nonvanishing Jacobian ensures the existence of a unique equilibrium in finite or infinite dimensions, even when the excess demand …

), Warsaw, September 2004. The Nash equilibrium approach to solving nonzero-sum stopping games may give multiple solutions. An …' decisions. This is a form of equilibrium selection. Examples of correlated equilibria in nonzero-sum games related to the staff …

cases where additionally, some variables may be strategic complements. The main result here is that the equilibrium set in … such models is a non-empty, complete lattice, if, and only if, there is a unique equilibrium. Indeed, for a given parameter … techniques for exhibiting increasing equilibria or computing equilibria that use the largest or smallest equilibrium, or that use …

The study of the local characteristics of equilibrium positions generated by the constrained maximization of some … derivatives of the demand function in some neighborhood of the equilibrium. We now discuss this matrix and its applications. …

methodology solves the Walrasian problem of how markets can reach equilibrium, starting with firms trading at disparate prices …