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 …

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 …

-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 …

constructing this argument I consider both orthodox and heterodox points of view. We analyse equilibrium models of money, and find … proposition that the economy as a whole is rendered coherent by the existence of a unique and stable equilibrium determined by the …

analytically the existence of a unique stable equilibrium by solving a linear quadratic differential game for three Regimes …

conceptual background of the new system design. The new system’s long-term objective is to ensure intergenerational equilibrium …