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Although we generally teach economics as if markets formed a perfect system, in reality, there are many instances of …, equilibrium and partial equilibrium models derived from the ideal-typical system have yielded good insights and results. However …
Persistent link: https://www.econbiz.de/10010547721
We model a market in which suppliers bid step-function offer curves using agent-based modeling. Our model is an abstraction of electricity markets where step-function offer curves are given to an independent system operator that manages the auctions in electricity markets. Positing an elementary...
Persistent link: https://www.econbiz.de/10010664722
The article deals with issues related to the crisis, recession, economical of Romania. By this paper I did not present an anti-crisis plan but I have exposed a number of measures that may cause the settlement of this phenomenon as stimulating the economic growth, protecting citizens and creating...
Persistent link: https://www.econbiz.de/10011079648
The standard Walrasian equilibrium theory requires that the marginal value product of production factor such as labor … theory allegedly fills this gap by encompassing apparent disequilibrium phenomena in the neoclassical equilibrium framework … behavior of economic agents. We must seek a new concept of equilibrium different from the standard Walrasian equilibrium in …
Persistent link: https://www.econbiz.de/10010298573
The standard Walrasian equilibrium theory requires that the marginal value product of production factor such as labor … theory allegedly fills this gap by encompassing apparent disequilibrium phenomena in the neoclassical equilibrium framework … behavior of economic agents. We must seek a new concept of equilibrium different from the standard Walrasian equilibrium in …
Persistent link: https://www.econbiz.de/10010299171
Network security poses a challenge to wireless sensor networks (WSNs) achieving its true potential. It is hard to tackle due to operational constraints of networks. Worms have become an emergent threat to the wireless networks. The spread of worms in the network is epidemic in nature. This...
Persistent link: https://www.econbiz.de/10012045656
many players, every mixed strategy Nash equilibrium can be used to construct a Nash e-equilibrium in pure strategies that …
Persistent link: https://www.econbiz.de/10011325150
existence and uniqueness of Markovian equilibrium are weIl known for the compact state space case, no similar sufficient … algorithm that will prove asymptotically consistent when computing Markovian equilibrium. …
Persistent link: https://www.econbiz.de/10010325013