Showing 1 - 10 of 31
A long-standing goal of chemical engineers and chemists has been the development of techniques for accurate prediction of the thermodynamic properties of isolated molecules. The thermochemical functions for an ideal gas then provide a means of computing chemical equilibria, and such computations...
Persistent link: https://www.econbiz.de/10009436853
equilibrium are examined for first and second price auctions in situations where bidders have different, uncertain, costs. This is … mark-ups applied systematically for each bidder in turn until equilibrium is reached. An extensive numerical analysis is … then applied to obtain equilibrium results for both mark-up values and expected profit from the simple symmetric case …
Persistent link: https://www.econbiz.de/10009437646
New network technologies constantly seek to displace incumbents. Their success depends on technological superiority, the size of the incumbent's installed base, users' adoption behaviors, and various other factors. The goal of this paper is to develop an understanding of competition between...
Persistent link: https://www.econbiz.de/10009438975
New network technologies constantly seek to displace incumbents. Their success depends on technological superiority, the size of the incumbent’s installed base, users’ adoption behaviors, and various other factors. The goal of this paper is to develop an understanding of competition between...
Persistent link: https://www.econbiz.de/10009439203
productivity data. This paper examines the long run, or the equilibrium, relationship between productivity and stock returns for … the 1951-2002 period. It introduces the notion of equilibrium as represented by the co-movements of economic variables in … the long run. This notion is viewed to be broader than the economic theory definition of equilibrium that usually means …
Persistent link: https://www.econbiz.de/10009441680
-run equilibrium in the Asia-Pacific economies as being 5 years. The methodology is used to group countries with high-trade intensity … the long-run equilibrium, we believe, helps in some ways to enrich the literature on the exchange rate behaviour of an …
Persistent link: https://www.econbiz.de/10009441759
Savannas cover the greater part of Africa and Australia and almost half of South America and contribute to the livelihoods of more than 350 million people. With the intensification of land use during the second half of the 20th century, savannas have become increasingly degraded through bush...
Persistent link: https://www.econbiz.de/10009442519
-employment contract. In a partial equilibrium context, the authors show that when boat owners and crew members are risk-averse, crop … contract. Industry effects and steady-state resource growth limitations are introduced into a market equilibrium model. In this …
Persistent link: https://www.econbiz.de/10009444639
, can find their way to supply/demand equilibrium. A multi-agent model was used to simulate the evolution of autonomously …. During the learning process, markets may lack a true equilibrium price, and therefore sellers in such a model cannot be price …. Under perfect competition, sellers' asking prices converged onto the theoretical equilibrium price. This performance was …
Persistent link: https://www.econbiz.de/10009446653
We compare the welfare costs of tax distortions of labour supply in one and two member household discrete and continuous labour supply (leisure consumption) choice models. In the discrete models taxes induce a large response from a subset of the population, while the majority of the population...
Persistent link: https://www.econbiz.de/10009447276