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We characterize competitive equilibria with perfect foresight in a deterministic, three-period pure-exchange overlapping generations economy with perfect information and no commitment to loan contracts. Commitment is replaced by an enforcement mechanism th ...
We introduce game theory as a formal framework in which exchange protocols can be modeled and their properties can be studied. We use this framework to give a formal definition for rational exchange relating it to the concept of Nash equilibrium in games. ...
Ad hoc networks are expected to be used in a number of very different situations. But a common characteristic is that the nodes have to cooperate with each other. This problem is particularly crucial, if each node is its own authority. Reckoning the releva ...
We discuss the phase behaviour of spherical hard-core particles, with an attractive potential, as described by a hard-core Yukawa model. The ratio of the range of the attraction to the diameter of the particles is an important control parameter of the prob ...
The Two-Way Shape Memory Effect (TWSME) has been widely studied in the literature. However, little attention has been paid about the out-of-equilibrium behavior of the TWSME. This paper reports some experiments, which were performed on specimens, previousl ...
Hybrid dynamical systems are those with interaction between continuous and discrete dynamics. For the analysis and control of such systems concepts and theories from either the continuous or the discrete domain are typically readapted. In this thesis the i ...
This article develops an equilibrium framework for the joint determination of the timing and the terms of takeovers in the presence of competition and imperfect information. The model analyzes takeovers as exchange options and derives equilibrium restructu ...
We consider monetary fiscal policy interactions in a monetary union. If monetary and fiscal authorities have different ideal output and inflation targets, the Nash equilibrium output or inflation or both are beyond the ideal points of all authorities. Lead ...
In this paper, we provide a formal analysis of a rational exchange protocol proposed by Syverson. A rational exchange protocol guarantees that misbehavior cannot generate benefits, and is therefore discouraged. The analysis is performed using our formal mo ...
The reactions of the cluster complexes [Pt-3(mu -Co)(3)L-3], where L = PPh3 1a, PPh(2)Bz 1b and PCy3 1c, with activated mono-olefins have been studied under preparative and equilibrium conditions. At low temperature the olefins react quantitatively giving ...